The Office of the Special Prosecutor (OSP) has conducted searches at the residence of the Chief Executive Officer of Goldridge Company Limited, Nana Yaw Duodu — popularly known as Dr. Sledge — located at Trassaco in Accra, as well as the company’s offices at East Legon.
The OSP operation forms part of an ongoing investigation into alleged corruption and related offences linked to the Minerals Income Investment Fund (MIIF) gold trade programme.
In a statement issued on Wednesday, October 29, 2025, the OSP confirmed that the searches were carried out under warrants granted by the High Court in Accra.
The move, it said, is part of efforts to trace and recover assets in a case that allegedly caused the State a loss of approximately US$94 million.
According to the OSP, its Asset Recovery and Management Team seized several items during the exercise, including luxury vehicles, jewellery, firearms, and documents connected to landed properties.
The investigation centers on a gold-trading arrangement between MIIF and Goldridge Company Limited, which was designed to bolster Ghana’s gold-for-reserves programme and generate additional revenue for the State.
Preliminary findings suggest that the State may have advanced payments of about US$94 million for gold purchases that were not fully delivered, prompting the OSP to launch a corruption probe earlier this year.
In September, the OSP confirmed that Nana Yaw Duodu had been invited for questioning and was later detained after failing to meet bail conditions related to the same case.
The investigation has since widened to include associated transactions, contracts, and property acquisitions tied to the MIIF gold trade initiative. The objective, according to the OSP, is to determine whether public funds were misapplied or misappropriated.
While the OSP did not disclose whether any arrests were made during the latest searches, it noted that the case remains active and falls under its broader mandate to recover proceeds of suspected corruption.
Earlier this year, the OSP launched a broader inquiry into alleged corruption and related offences within the operations of the MIIF, raising concerns about financial mismanagement within the country’s sovereign gold fund.
Addressing the media on February 12, 2025, the Special Prosecutor, Kissi Agyebeng, announced that the probe would review payments connected to several major projects and transactions, including MIIF’s engagements with Agyapa Royalties Limited, the Small-Scale Mining Incubation Programme (SSMIP), the Quarry Value Addition Programme (QVAP), Asante Gold Corporation, ElectroChem Ghana Limited, the Lithium Asset Project, and Gold Asset 2 (Enchi Gold Project), among others.
