Special Prosecutor, Kissi Agyebeng
The Office of the Special Prosecutor (OSP) has stressed that two corruption investigations, which involve the Minerals Income Investment Fund (MIIF) programme and the alleged diversion of petroleum products by more than 30 Oil Marketing Companies (OMCs), have reached advanced stages.
In a statement posted on its X page on November 22, 2025, the OSP noted that several high-value cases are steadily progressing and are likely to attract increased public interest.
The Office emphasised that its work continues to be guided by due process, transparency and the protection of the public interest.
According to the statement, the OSP has taken statutory steps under the MIIF probe, including freezing accounts, seizing assets and placing movement restrictions on certain individuals.
OSP Probe: Majority and Minority leaders clash over continued absence of Ken Ofori-Atta
The investigation focuses on a gold-trading arrangement between MIIF and Goldridge Company Limited, designed to support Ghana’s gold-for-oil and gold-for-reserves programme.
There are indications that the state may have advanced about US$94 million for gold purchases that were not fully delivered, prompting the OSP to open a corruption probe earlier in 2025.
In September 2025, the OSP confirmed that the CEO of Goldridge Company Limited, Nana Yaw Duodu, known as Dr Sledge, had been invited and later detained after failing to meet bail conditions.
On October 29, 2025 officers from the OSP raided Dr Sledge’s residence at Trassaco and the East Legon offices of Goldridge Company Limited as part of the ongoing MIIF investigation.
The Minerals Income Investment Fund, created under Act 978 of 2018 to manage Ghana’s mineral royalties and state mineral investments, introduced its gold-trade initiative to support the government’s gold-for-oil and gold-for-reserves policies through partnerships with the private sector.
The second case involves an alleged large-scale fuel diversion scheme in which over 30 OMCs are being investigated for diverting marine gas oil, premix fuel and diesel.
The OSP noted that the alleged diversions have significant revenue consequences, and efforts are underway to recover millions of cedis owed to the state.
The Office also stated that, aside from these two maturing investigations, several cases, including those involving the National Petroleum Authority (NPA) and Strategic Mobilisation Ghana Limited (SML), are before the courts.
In the NPA case, former Chief Executive Dr Mustapha Abdul-Hamid is standing trial at the Criminal High Court in Accra. He faces charges of conspiracy to commit extortion, extortion by a public officer, using public office for profit and money laundering.
In the SML matter, former Finance Minister Ken Ofori-Atta and seven others, including two former Commissioner-Generals of the Ghana Revenue Authority, have been charged with allegedly causing a financial loss of more than GH¢1.4 billion in connection with the SML contract.
Read the statement below:
“The Office of the Special Prosecutor continues to advance a number of high-value corruption investigations. As cases progress, increased public discussion is expected. The OSP’s focus remains on due process, transparency, and the protection of the public interest.
“Matters currently before the courts include the NPA and SML cases. Two further investigations have reached advanced stages:
“MIIF: Ongoing examination of alleged corruption relating to the management of significant public assets. Investigative measures — including account freezes, asset seizures and movement restrictions — have been carried out under statutory authority.
“Fuel Diversion: Investigations into more than thirty Oil Marketing Companies concerning the alleged diversion of marine gas oil, premix fuel, and diesel, with substantial revenue implications. The OSP is working to recover millions of cedis that should have accrued to the state.”
The Office of the Special Prosecutor continues to advance a number of high-value corruption investigations. As cases progress, increased public discussion is expected. The OSP’s focus remains on due process, transparency, and the protection of the public interest.
Matters… pic.twitter.com/45hZjba6rz
— Office of the Special Prosecutor-Ghana (@ospghana) November 22, 2025
Meanwhile, watch the latest episode of Nkommo Wo Ho on GhanaWeb TV below
AK/SSM
