DBG forensic audit report will be submitted to Attorney General – Finance Minister

The Minister of Finance Dr Cassiel Ato Forson has confirmed that the long-awaited Deloitte forensic audit report on Development Bank Ghana (DBG) will be formally submitted to the Attorney General for potential legal action, marking what he calls “a decisive step to restore integrity” at the state-backed lender.

Speaking in Accra, Dr Forson explained that the decision follows intensive consultations with key development partners, including the World Bank, African Development Bank, Germany’s KfW and the European Investment Bank.

All these partners, he said, support the government’s stance that accountability at DBG is non-negotiable.

“Individuals found culpable will face consequences. A new dawn is beginning for DBG, but swift reforms are critical to rebuild the bank’s credibility,” the minister stressed.

Concerns about governance and financial discipline at DBG surfaced last year after allegations of mismanagement and improper contracting gained public attention.

Policy analyst Bright Simons of IMANI Africa alleged that over GHS400 million had been lost through questionable transactions.

The World Bank later acknowledged it was reviewing these allegations, while DBG consistently denied any misuse of funds, insisting that no development partner resources were misapplied.

To address the controversy and reassure investors, government commissioned Deloitte to conduct an independent forensic audit, the findings of which are now complete and ready for legal review.

Dr Forson disclosed that the government is moving swiftly to reposition the bank. A new Chief Executive Officer, chosen through a competitive process, will be announced on

Monday, and a reconstituted Board of Directors is expected by the end of October.

Interim Board Chair Albert Essien has pledged full transparency and prudent governance, a commitment welcomed by development partners as Ghana works to realign DBG with its core mandate of financing economic transformation through long-term lending to priority sectors.