The transnational nature of the contemporary educational ecology has placed many national accreditation boards under an enormous pressure in executing their mandate of monitoring, supervising, and granting accreditation to academic institutions and the programs they offer. In recent times, the Ghana National Accreditation Board (NAB from now on) has come under an immense public scrutiny for what the public may have rightly perceived as its failure to perform its gatekeeping role in safeguarding the credibility of educational products sold to the Ghanaian public by some unaccredited educational institutions. Using a purposive comparative framework, we selected for interrogation cases of institutions and individuals who have come under public scrutiny for awarding and receiving academic qualifications and awards that the public considers questionable. This is to answer three pertinent questions: I. What is the accreditation status of institutions selected for analysis? II. Who are the individuals associated with these institutions? III. What are the motives of these individuals for acquiring these degrees/awards? The report indicates that some of the institutions in question are in breach of the NAB’s instrument of authority, while others have acquired NAB’s accreditation under questionable arrangements. The report further indicates that two categories of individuals are identifiable in these accreditation controversies. While one group views higher academic qualifications as career tools, the other considers these awards as status symbols for self-actualization and a seal for the legitimization of their place of honor in the public’s eye. An uncritical-propaganda-dogged media coupled with an unquestioning public continues to fuel the practice.