Minerals Income Investment Fund (MIIF)

The Office is investigating suspected corruption and corruption-related offences in respect of the operations of the Minerals Income Investment Fund (MIIF) between 2020-2024 – especially regarding payments made in respect of Agyapa Royalties Limited; Small Scale Mining Incubation Programme (SSMIP); Quarry Value Addition Programme (QVAP); Lithium Asset (projected lithium-focused exploration and development corporation); Gold Asset 2 (Enchi gold project); all other investments by MIIF; funds expended on the Chairman of the Board of Directors; the operational funds of MIIF; purchase of parcel of land for intended office building; contracts and agreement entered into by MIIF; and publications by MIIF.

The probe also includes matters linked to Nana Yaw Duodu alias Dr. Sledge involving about USD 94 million. In 2025, the OSP froze vehicles worth GHS 18 million allegedly connected to him and continues legal efforts to retain the assets and trace additional
suspected tainted assets.

The investigation targets some former and serving officials of MIIF and the following entities:
i.    ElectroChem Ghana Limited
ii.    Goldridge Ghana Limited
iii.    GIG Minerals Limited
iv.    RCM Properties
v.    Energy & Resources Company Limited
vi.    BH Minerals Limited 

Upon further investigation and action, the OSP no longer considers the following entities as suspects:
i.    ElectroChem Ghana Limited
ii.    GIG Minerals Limited
iii.    RCM Properties
iv.    Energy & Resources Company Limited
v.    BH Minerals Limited