The Office of the Special Prosecutor (OSP) dey investigate suspected corruption wey dey link to the Minerals Income Investment Fund (MIIF) gold trade programme. As part of dis investigation, dem search di house of Nana Yaw Duodu, wey people know as Dr. Sledge, who be di CEO of Goldridge Company Limited, for Trassaco. Dem also search di company ein offices for East Legon, all for Accra.
Dis move dey follow claims say di state lose about US$94 million for di gold trade deal. Di OSP say dem get warrant from di High Court for Accra before dem conduct di searches. According to statement wey dem release on Wednesday [October 29, 2025], di operation be part of effort to trace and recover assets wey dey involve for di case.
Reports dey suggest say di state advance payments of about US$94 million for gold purchases, but di gold no reach fully. Dis lead to di OSP decision to start corruption probe earlier for 2025. For September 2025, di OSP confirm say Nana Yaw Duodu dem invite am, den later detain am after he no meet bail conditions wey dey relate to di same case.
Di OSP ein Asset Recovery and Management Team seize plenty things during di exercise. Dis include luxury vehicles, jewellery, weapons, and documents wey dey relate to landed properties. Di investigation dey focus on di gold-trading arrangement between MIIF and Goldridge Company Limited, wey dem introduce to support Ghana ein gold-for-reserves programme and generate extra revenue for di state.
Di OSP say di investigation don expand to cover related transactions, contracts, and property acquisitions wey dey tie to di MIIF gold trade initiative. Dem dey aim to find out if dem misapply or misappropriate public funds. Even though di OSP no confirm if dem arrest anybody new during di Wednesday searches, dem state say di case dey go on.
Key Takeaways:
- OSP dey investigate $94 million MIIF gold trade deal.
- Dem search Dr. Sledge ein house for Trassaco and Goldridge office for East Legon.
- Dem seize luxury vehicles, jewellery, and documents.
- Investigation dey focus on suspected corruption and misappropriation of funds.