Goldridge CEO detained by OSP over $94m Gold trade scandal
$94m Gold Trade Scandal: East Legon Businessman in Special Prosecutor’s Net
Elohim Nyame 
The Chief Executive Officer of Goldridge Refinery Ltd, Dr. Sledge, has been detained by the Office of the Special Prosecutor (OSP) after failing to meet bail conditions.
The East Legon-based businessman, widely known as “Dr. Sledge,” is facing investigations over alleged corruption and financial losses linked to state gold trade programmes.
According to the OSP, the case involves a reported $94 million loss to the State through transactions tied to the Minerals Income Investment Fund (MIIF). Details of the scheme remain under probe, but investigators believe the deal was structured in a manner that short-changed government interests while benefiting private entities.
Sources within the OSP confirmed that Dr. Sledge was granted bail but could not fulfil the set conditions, leading to his detention. His lawyers are said to be making efforts to renegotiate the bail terms while cooperating with investigators.
The case is part of ongoing efforts by the Special Prosecutor to clamp down on corruption in Ghana’s extractive sector, which has long been criticised for leakages and weak accountability frameworks. Transparency campaigners have often called for stricter oversight of gold-related agreements and transactions, particularly those involving public funds.
This latest development has sparked discussions among industry watchers and political commentators, with many urging swift and transparent legal processes to protect state resources and deter future mismanagement.
Meanwhile, the OSP has assured the public that due process will be followed as investigations continue into the controversial gold trade programme.
