Papa Yaw Owusu-Ankomah, son of former Attorney General and Ghana’s former High Commissioner to the UK and Ireland, has publicly rejected allegations of fraud and accused a Council of State member of orchestrating political pressure and a media smear campaign against him.
Mr. Owusu-Ankomah, a director of JG Resources Limited (JGR), denied any wrongdoing in connection with a $2.6 million gold supply dispute involving Sesi Edem Company Limited.
He insisted that he has “never engaged in fraudulent conduct” and described attempts to link him to criminal activity as “false, without merit and unsubstantiated.”
In a detailed statement, Mr. Owusu-Ankomah alleged that the campaign against him is being spearheaded by Gabriel Tanko Kwamigah Atokple, the Council of State member for the Volta Region, and his company, with support from individuals “within the corridors of power.”
He claimed that a series of “false, sensational and unethical publications” were deliberately coordinated to damage his reputation and that of his family, and to pressure him into accepting commercial terms he says would undermine the lawful interests of JGR.
According to him, the actions taken against the company include the filing of what he described as a baseless criminal petition, fabricated allegations of forgery, and the misuse of legal processes to generate adverse publicity.
Mr. Owusu-Ankomah further alleged that an ex parte interim order was obtained to freeze JGR’s bank account while simultaneously directing payment of funds into court — a situation he described as impossible to comply with.
He also claimed that contempt proceedings were initiated against JGR’s directors to create public perception that he was facing imminent imprisonment.
He additionally alleged attempted interference by a senior government official who, he said, assured Mr. Atokple of a favourable outcome in exchange for a commission. No evidence was provided in the statement to substantiate that claim.
The dispute centres on an outstanding gold supply valued at nearly $2.6 million. Mr. Owusu-Ankomah stated that JGR acted as a broker in transactions involving licensed exporters who allegedly failed to deliver agreed quantities within stipulated timelines.
He further claimed that discrepancies emerged in the quantities supplied and that delivery schedules were repeatedly breached.
According to him, the counterparty failed to provide investigators with authentic documentation and instead presented invoices that were subsequently found to be forged.
Mr. Owusu-Ankomah also questioned why investigations by the Economic and Organised Crime Office (EOCO) were allegedly halted without explanation.
Responding to claims that JGR relied on a tripartite agreement to secure financing, he dismissed the allegation as “categorically false.”
He maintained that funding from a foreign partner arose from a personal relationship with a JGR director and not from any company misrepresentation.
“There is no fraud. There never was,” he stated, adding that JGR had acted transparently throughout the transaction.
Mr. Atokple and Sesi Edem Company Limited have not publicly responded to the allegations at the time of publication.
Mr. Owusu-Ankomah concluded his statement by declaring that he would not succumb to what he described as intimidation tactics.
“I will not yield to such cowardly conduct,” he said.
