It held that the dispute between Sesi-Edem and JG Resources Ltd arose from a private commercial agreement that involved no fraud or money laundering. Consequently, EOCO’s investigation and the freezing of the company’s accounts were ultra vires and legally unsustainable, the court ruling stated. On 5th June, 2025, the Applicant executed a contract with JG Resources which was before the deadline of 21" June, 2025 as directed by GoldBod. The High Court ruled that the re-issued order was invalid, making it clear that the extended freezing of the company’s accounts was completely unlawful and an abuse of EOCO’s powers. The petition lodged by JG Resources Ltd, which set this chain of events in motion, has been firmly rejected as baseless.

Source: GhanaWeb March 24, 2026 18:37 UTC