Lawyer and non-executive director of JG Resources Limited (JGR), Papa Yaw Owusu-Ankomah, has denied allegations of fraud and wrongdoing, describing recent reports about him as false and part of a coordinated campaign to damage his reputation.
In a press statement, Mr. Owusu-Ankomah said the publications were “sensational, unethical and deliberate,” and aimed at coercing him into accepting commercial terms that would undermine the lawful interests of JGR and breach his fiduciary responsibilities as a director.
He stated that he has never engaged in fraudulent conduct and that his professional record across several institutions and boards remains unblemished and verifiable.
Mr. Owusu-Ankomah accused Gabriel Tanko Kwamigah Atokple, a member of the Council of State for the Volta Region, and his company Sesi Edem Company Limited, of orchestrating the campaign with the support of unnamed individuals within the corridors of power.
He alleged that the campaign involved filing baseless criminal petitions, fabricating allegations of document forgery, exploiting court processes to generate sensational headlines, and disseminating misinformation through blogs and other media platforms.
According to him, these actions were intended to create public pressure and compel him to agree to unfavourable commercial settlements.
Mr. Owusu-Ankomah explained that JGR brokered gold supply transactions with several licensed exporters, including Sesi Edem Company Limited, but the suppliers failed to meet their contractual delivery obligations.
He claimed Sesi Edem supplied quantities that did not match what was paid for and repeatedly breached delivery timelines, despite personal assurances from Mr. Atokple. He further alleged that about $2.6 million worth of gold supply remains outstanding.
He said JGR rejected Sesi Edem’s proposal to refund the outstanding amount over 12 months with deductions and subsequently referred the matter to the Economic and Organised Crime Office (EOCO). He accused Sesi Edem of refusing to provide authentic documentation to investigators and presenting invoices that were later determined to be forged.
Mr. Owusu-Ankomah also alleged political interference in the matter, claiming that a senior government official promised Mr. Atokple a favourable outcome in exchange for a commission. He described the alleged conduct as unethical and troubling.
He added that a petition filed with the Council of State in November 2025 regarding Mr. Atokple’s conduct did not receive any official acknowledgment or action.
He rejected claims that JGR raised funds from a foreign partner using a tripartite agreement with Sesi Edem, stating that the funds were advanced solely based on a personal relationship between another JGR director and the foreign partner.
He alleged that the tripartite agreement being cited is forged and was created by interested parties to divert attention from the outstanding funds owed to JGR.
Mr. Owusu-Ankomah criticised an ex parte interim court order freezing JGR’s accounts and directing funds to be paid into court, describing it as impossible to comply with. He said contempt proceedings arising from the order have been misrepresented in the media to suggest that he faces imprisonment.
He also dismissed a separate petition by a company claiming to have financed JGR, saying bank records contradict the claim and the foreign partner has disavowed the petition.
Mr. Owusu-Ankomah maintained that JGR acted transparently throughout the transactions and referred suspected misconduct to investigative authorities through lawful channels.
He said he remains committed to accountability and transparency and warned that any further false claims would be addressed through appropriate legal avenues.
, Papa Yaw Owusu-Ankomah, has denied allegations of fraud and wrongdoing, describing recent reports about him as false and part of a coordinated campaign to damage his reputation.){kind=link}