The Court of Appeal is anticipated to deliver its ruling today, Wednesday, August 12, 2026, regarding the Attorney-General’s request for a stay of execution of its decision that acquitted and discharged Sedina Tamakloe-Attionu, the former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC).
In July 2026, the Court of Appeal reversed the 10-year prison sentence imposed on Sedina Tamakloe-Attionu, the former CEO of MASLOC.
The court acquitted her, holding that she should not have been sentenced because the prosecution failed to substantiate the charges.
In April 2024, an Accra High Court sentenced Attionu to 10 years of hard labor after finding her guilty of causing financial loss to the state.
She faced conviction on 78 counts of offenses, which included stealing, causing financial loss to the state, and money laundering.
Following the acquittal by the Appellate Court, the Attorney-General submitted an application to suspend the execution of the Court of Appeal’s judgment while the State’s appeal is pending.
The State contends that permitting the acquittal to take immediate effect could enable Mrs. Tamakloe-Attionu to leave the jurisdiction, complicating the pursuit of the appeal.
Consequently, the Attorney-General is requesting that the Court delay the effect of the acquittal ruling until the Supreme Court resolves the further appeal.
Today’s ruling by the Court of Appeal is expected to clarify whether the acquittal and discharge will take immediate effect or if it will be suspended while the State continues its appeal.
