The Porcupine Warriors, who had a poor season last year, are looking to bolster their team by acquiring talented players.
Kotoko had a difficult season in the just-ended Ghana Premier League, placing sixth in the standings.
To make room for new players before the season starts in September of this year, the Ghanaian powerhouses released almost 20 players.
The Ghanaian powerhouses and the defender, whose original asking price was GHC200,000, have reached a personal agreement.
In the meantime, it is anticipated that Kotoko and Bofoakwa Tano will come to an agreement soon to move the highly regarded defender.
Notwithstanding his drop to the lower division at the end of the season, Ankrah was one of Bofoakwa Tano's shining spots. In the Ghana Premier League, he appeared in 29 games.
When the Sunyani-based team advanced to the FA Cup finals the previous season, the 19-year-old defender was essential to their success.