As PwC Ghana announces the retirement of Eric Nana Nipah, Partner and Head of Advisory Services, amid tributes to his “career of impact and integrity,” questions linger in the minds of many Ghanaians—especially victims of the financial sector cleanup that left thousands of livelihoods shattered.
Mr. Nipah, who played a central role in the receivership and liquidation of several defunct financial institutions, retires with plaudits from the global consultancy giant after 25 years of service. Yet, his legacy remains a subject of deep public scrutiny.
25 Billion Spent to Fix a 9 Billion Problem?
During his tenure as Receiver, government reportedly expended over GHS 25 billion to resolve a GHS 9 billion shortfall—an enormous discrepancy that has raised eyebrows in policy circles and among financial analysts. Who authorized this? Who benefitted? And most importantly, where did the money go?
The GN Savings & Loans Vehicle Mystery
According to credible sources close to the ongoing investigations, several vehicles belonging to GN Savings and Loans—an institution placed under receivership—vanished mysteriously under Mr. Nipah’s watch. While PwC celebrates his “transformative contributions,” stakeholders await transparency and justice. Preliminary investigations suggest these assets may have been liquidated, repurposed, or misappropriated without proper documentation or due process.
Comfort in the UK While Ghana Bleeds
It is no secret that Mr. Nipah has spent considerable time in the United Kingdom during his time as Receiver. Concerned citizens now ask: Will this retirement be used as a veil to disappear into comfortable obscurity abroad while unresolved matters are swept under the rug?
This is a man who wielded immense power—dissolving institutions, redistributing assets, and commanding public funds with little to no public accountability. For someone who managed billions of taxpayers’ money, retirement cannot mean immunity.
Call for Immediate Investigation
It is imperative that the Office of the Special Prosecutor, Economic and Organized Crime Office (EOCO), and the Bank of Ghana initiate a comprehensive forensic audit of all activities and transactions conducted under Mr. Nipah’s tenure as Receiver. From questionable asset sales to bloated expenditure, the Ghanaian public deserves full disclosure.
Let it be known: This is not a personal witch-hunt. It is a demand for accountability in public service. Retirement must not be used as a shield from scrutiny.
Contributing Editor: Nana Ofori Owusu
For inquiries or tips: [nusuwo@gmail.com]
