The Accra High Court has reduced the bail amount for Osei Assibey Antwi, former Executive Director of the National Service Authority (NSA), from GH¢800 million to GH¢120 million.
This decision follows his lawyers’ argument that the original sum was impossible to meet, effectively denying him bail.
Mr. Antwi faces multiple charges, including causing financial loss, stealing, and money laundering, related to alleged mismanagement of NSA funds.
The prosecution had opposed the reduction, citing the severity of the charges and potential 25-year prison sentence.
The court maintained other bail conditions, including two sureties with landed property valued at GH¢80 million each, surrender of travel documents, and regular police reporting.
Mr. Antwi is accused of authorizing payments to ghost national service personnel and diverting funds meant for the Kumawu Farm Project.
The reduced bail allows Assibey Antwi to secure release pending trial, with proceedings expected to resume soon.
