A Director of JG Resources Limited (JGR), Papa Yaw Owusu-Ankomah, has accused a Council of State member and his company of orchestrating political pressure and media manipulation in a $2.6 million gold supply dispute.
In a detailed statement, the former Attorney General’s son said he had observed “a series of false, sensational, and unethical publications calculated to impugn my reputation and that of my family.”
He described the publications as “deliberate, coordinated, and designed to coerce me into accepting commercial terms that undermine the lawful interests of JG Resources Limited (‘JGR’), where I serve as a non-executive director bound by fiduciary duty.”
He added: “Let me state unequivocally: I am not a fraudster. I have never engaged in fraudulent conduct. Any attempt to associate me with wrongdoing is false, without merit and unsubstantiated.”
According to him, the alleged smear campaign is being orchestrated by Gabriel Tanko Kwamigah Atokple, Council of State member for the Volta Region, and his company, “supported by individuals within the corridors of power.”
He alleged that their objective is “to evade accountability for their conduct in their commercial dealings with JGR.”
Mr Owusu-Ankomah listed what he described as a pattern of actions aimed at pressuring him and the company.
These include “filing a baseless criminal petition,” “fabricating allegations of forgery,” and “misusing and exploiting legal processes to create sensational headlines.”
He said an ex parte interim order was obtained “incapable of being complied with,” which froze JGR’s account and directed payment of funds into court.
He described it as “impossible to comply with, as it is impossible to transact on an account that is subject to a freezing order.”
Mr Owusu-Ankomah further claimed contempt proceedings were initiated against JGR’s directors to fuel public perception that he was “going to jail.”
The Director also alleged that “a senior government official attempted to interfere in the matter and openly assured Atokple that he would ‘ensure a favourable outcome’ in exchange for a commission.”
The dispute centres on an outstanding gold supply valued at almost $2.6 million involving Sesi Edem Company Limited.
Mr Owusu-Ankomah stated that JGR brokered purchases from licensed exporters who failed to deliver as agreed. He said discrepancies emerged in quantities supplied and delivery timelines were repeatedly breached.
He noted the said company allegedly failed to furnish investigators with authentic documentation and instead presented invoices “which were proven to be forged.”
He further alleged that EOCO’s inquiries into the matter “were halted without explanation.”
Responding to claims that JGR relied on a tripartite agreement to raise financing, he said: “This is categorically false.”
He maintained that funding from a foreign partner stemmed from “a direct and personal relationship” with a JGR director, not from the company’s representations.
“There is no fraud. There never was,” he stated, adding that “JGR has acted transparently at every stage.”
He concluded: “I will not yield to such cowardly conduct.”
About the Author
