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Former TOR MD and Goldman Sachs Banker Convicted in Ghana Power Bribery Case

Unverified — auto-generated summary, not yet reviewedPolicy & RegulationGhanaAug 8, 2026

A US court has convicted Asante Kwaku Berko — a former Tema Oil Refinery managing director and Goldman Sachs investment banker — of foreign bribery and money laundering related to a Ghana power sector deal. The FCPA conviction signals material anti-corruption enforcement risk for participants in energy infrastructure transactions in the country.

2 sources

How Asante Kwaku Berko allegedly paid over $1 million in bribes to former minister, MPs, and gov’t officials to secure deal for Turkish client · myjoyonline.com · T3
Former TOR MD and Goldman Sachs investment banker convicted of foreign bribery, money laundering · myjoyonline.com · T3

Story timeline · 3 entries

Aug 11, 2026
Ghana-US Pursue More Aksa Suspects
New witness testimony and official statements surface as joint Ghana-US investigation names additional suspects and senior officials deny involvement
Aug 9, 2026
Ghana-US Hunt More Bribery Suspects
Ghana and US authorities confirm joint pursuit of additional suspects in the TOR bribery scheme following the former MD's conviction.
Aug 8, 2026This story
Ghana Power Banker Convicted of Bribery
A US court has convicted Asante Kwaku Berko — a former Tema Oil Refinery managing director and Goldman Sachs investment banker — of foreign bribery and money laundering related to a Ghana power sector deal. The FCPA conviction signals material anti-corruption enforcement risk for participants in energy infrastructure transactions in the country.