Energy expert and former New Patriotic Party (NPP) flagbearer hopeful, Kojo Poku, has strongly refuted claims that the Minerals Income Investment Fund (MIIF) and its embattled CEO, Dr Sledge, were involved with the controversial Gold-for-Oil (G4O) scheme.
Speaking on JoyNews on October 4, 2025, Poku stated that although MIFF had its own gold buying program, it should not be linked to the national Gold-for-Oil scheme, which was being run by the Bank of Ghana in 2024.
“Dr Sledge and that MIIF program is not Gold-for-Oil. I don’t know why anyone would want to link those two together. MIIF was never involved in gold-for-oil. MIIF had their own gold program they were doing.
“If there were problems with that program, it is solely for MIIF and not Gold-for-Oil,” he emphasised.
OSP arrests prominent businessman Dr Sledge
Poku’s remarks come amid growing scrutiny over alleged losses under G4O. The Bank of Ghana, in a recent disclosure, confirmed losses of GH¢2.14 billion tied to the Gold-for-Oil initiative.
Meanwhile, Dr Sledge is under investigation by the Office of the Special Prosecutor over suspected corruption and offences related to MIIF, particularly involving its gold trade programmes and funding streams.
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