Tag: Gold

Rafmoh Gold, Five Others Granted GHC300M Bail Over Alleged Gold Smuggling

Jasmine Adjei

The High Court in Accra has granted bail to Rafmoh Gold Limited and five individuals accused of smuggling 100 kilograms of gold worth GHC100 million. Each of the six accused was granted bail of GHC50 million with two sureties, one to be justified, totaling GHC300 million. The accused include Rafmoh Gold Limited (A1), Abdul Karim (A3), Abdul Razak Seidu (A4), Bernard Nkrumah (A5), Ibrahim Aremeyaw (A6), and Sadique Abubakari (A7). A second accused person, Muhammed Afsah Puthalan (A2), is currently at large. They face multiple charges, including conspiracy to smuggle…

Read More

Dr. Sledge, Goldridge CEO, Released on Bail Over OSP Investigations

Jasmine Adjei

The Chief Executive Officer of Goldridge Refinery Ltd, Nana Yaw Duodu, popularly known as Dr. Sledge, has been released from custody by the Office of the Special Prosecutor (OSP) after satisfying his bail requirements on Monday, September 29. Duodu is being investigated for alleged corruption and related offences in connection with the Minerals Income Investment Fund (MIIF), particularly regarding its gold trading programme. Earlier in February, Special Prosecutor Kissi Agyebeng launched an inquiry into suspected corruption involving MIIF’s operations, with a focus on payments and transactions linked to major projects.…

Read More

Gold for oil scandal: IMANI Africa demands audit

Jasmine Adjei

IMANI Africa is demanding prosecutions, audits, and full transparency to the scandal in the Ghana’s Gold-for-Oil programme has uncovered corruption, revenue losses, and governance failures. A forensic risk assessment conducted by IMANI Africa and a coalition of oversight institutions has laid bare a disturbing landscape of fiscal leakages, systemic fraud, and governance failures. The findings have ignited calls for criminal prosecutions, asset recovery, and sweeping reforms to restore public trust and economic integrity. At the heart of the G4O programme was a simple premise: exchange Ghana’s gold for petroleum products…

Read More