The immediate past Chairman of the Operation Recover All Loot (ORAL) Committee and Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has revealed that Ghana stands to recover an estimated $21.19 billion from misappropriated state assets.

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Speaking on the committee’s findings, Ablakwa highlighted the scale of financial losses uncovered through 36 major cases, spanning high-value financial mismanagement and land-related acquisitions.

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“In total, considering the 36 cases, the high-value cases we’ve identified, and the land-related loots, we can potentially raise about $21.19 billion. This amount far exceeds what we’ve been negotiating with the International Monetary Fund (IMF) under stringent conditions,” he stated.

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He commended former President John Mahama and his team for launching the ORAL project, which he described as a significant tool in the fight against corruption.

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“We want to extend our sincere appreciation to President Mahama and his team for this initiative, which has truly served Ghana well.”

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While his tenure on the committee has ended, Ablakwa remains optimistic about the next phase of the recovery process.

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“We look forward to the next phase. Although we won’t be directly involved, we are confident that it will be successful in ensuring that resources rightfully belonging to Ghanaians are returned to the national coffers,” he added.

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