OSP raids Goldridge CEO’s residence over $94m MIIF gold trade probe

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—at Trassaco in Accra, and at the company’s offices in East Legon.

The operation, carried out under warrants granted by the High Court in Accra, forms part of an ongoing investigation into suspected corruption and related offences connected to the Minerals Income Investment Fund (MIIF) gold trade programme.

In a statement issued on Wednesday, October 29, 2025, the OSP said the searches were aimed at tracing and recovering assets in a case that allegedly caused a loss of about US$94 million to the State.

According to the statement, the OSP’s Asset Recovery and Management Team seized several items, including luxury vehicles, jewellery, weapons, and documents linked to landed properties.

The investigation focuses on a gold-trading arrangement between MIIF and Goldridge Company Limited, which was intended to support Ghana’s gold-for-reserves initiative and boost state revenue. However, preliminary findings suggest the state may have advanced about US$94 million for gold purchases that were not fully delivered.

In September 2025, the OSP confirmed that Nana Yaw Duodu had been invited and later detained after failing to meet bail conditions in connection with the same case.

The OSP said its inquiry has since expanded to include related transactions, contracts, and property acquisitions tied to the MIIF gold trade initiative. The aim, it explained, is to determine whether public funds were misapplied or misappropriated.