The Office of the Special Prosecutor (OSP) has detained the Chief Executive Officer of Goldridge Refinery Ltd, Dr. Nana Yaw Duodu, popularly known as Dr. Sledge over suspected corruption linked to the Minerals Income Investment Fund (MIIF).
Dr. Duodu is under investigation for alleged corruption-related offences involving the management of MIIF’s gold trade programme. The probe was sparked by serious allegations that the state suffered a monumental financial loss of over USD 94 million due to Goldridge Refinery’s failure to honor trade settlements under the Gold for Forex and Gold for Oil initiatives.
The OSP has yet to release specific charges against Dr. Duodu. He however remains in detention after failing to meet bail conditions following his arrest on September 30, 2025.
In its August half-year report, the OSP revealed it is investigating 67 high-profile cases involving suspected corruption across several state institutions, state-owned enterprises, and private entities. The Minerals Income Investment Fund case is among the most prominent.
The investigation encompasses payments linked to Agyapa Royalties, small-scale mining initiatives, lithium and gold projects, and related contracts between 2020 and 2024. Entities under scrutiny include Asante Gold Corporation, ElectroChem Ghana Limited, Goldridge Ghana Limited, GIG Minerals Limited, RCM Properties, Energy and Resources, Goldstrom Ghana Limited, BH Minerals Limited, Ghana Airports Company Limited, National Service Authority, and the National Cathedral project.
Story by: Elikplim Awuku
