State Drops Charges Against Dr. Duffuor and Seven Others in Banking Sector Clean-Up Case

ACCRA – July 22, 2025 – In a significant development, the Ghanaian State has today dropped all charges against former Finance Minister Dr. Kwabena Duffuor and seven other individuals implicated in the high-profile banking sector clean-up case.

The announcement, widely reported on Tuesday, July 22, 2025, marks a major turning point in a case that has drawn considerable public attention and legal scrutiny. Dr. Duffuor, a prominent figure in Ghana's financial and political landscape, was among those facing prosecution related to the collapse of some financial institutions during the government's clean-up exercise.

Details surrounding the decision to discontinue the charges are yet to be fully disclosed. However, the move is expected to generate various reactions from the public, legal fraternity, and political observers.

The banking sector clean-up, which commenced in 2017, saw the revocation of licenses of several struggling banks and financial institutions, leading to widespread debate and legal challenges. The stated aim of the exercise was to restore sanity and stability to Ghana's financial system.

This latest development brings an end to a protracted legal battle for Dr. Duffuor and his co-accused, whose involvement in the case has been a subject of intense public discourse.