A High Court in Ghana has restrained the Economic and Organised Crime Office (EOCO) from maintaining a “wanted” declaration against directors of Sesi-Edem Company Limited in connection with a dispute involving JG Resources Ltd.
This follows the announcement by EOCO on March 30, 2026, declaring the company’s directors as wanted persons and indicating that investigations would continue. This prompted fresh legal action by the company to restrain EOCO’s actions.
The ruling, delivered as part of the court’s supervisory jurisdiction over EOCO, also bars the office, its officers, and any persons acting on its behalf from inviting, detaining, arresting, charging, or in any way interfering with the liberty of the company or its directors regarding the matter.
In a statement dated April 15, the Company said that the court further directed EOCO to halt any ongoing or purported investigation based on the same allegations pending the determination of a substantive application before it.
The dispute stems from a petition filed in November 2025 by JG Resources Ltd, which alleged that Sesi-Edem Company Limited had failed to deliver the full quantity of gold under a supply contract. However, court filings indicated that the contract’s delivery deadline is June 2026.
According to the company, despite this, EOCO proceeded with investigations, including freezing the company’s bank accounts on allegations of fraud and money laundering. The agency later admitted in court that the contractual deadline had not yet elapsed.
In a ruling delivered on March 19, 2026, the High Court held that there was no basis for the fraud and money laundering allegations, ordering the immediate unfreezing of the company’s accounts. The court also found that EOCO had acted outside its statutory mandate and breached the company’s right to administrative justice.
EOCO had earlier sought confirmation of its administrative freezing orders at the Adentan High Court, which ruled that the agency lacked the statutory authority to continue the investigation and set aside its earlier decision to uphold the freeze.
The court has now ordered EOCO to immediately withdraw the “wanted” declaration and refrain from further steps based on it until the substantive matter is resolved. The order has been served on EOCO through court bailiffs.
Sesi-Edem Company Limited maintains that neither the company nor its directors have engaged in any criminal conduct, insisting that the matter is purely contractual and governed by agreed terms.
The company says it will continue to take legal steps to protect its rights and ensure compliance with the authority of the court.
“Sesi-Edem Company Limited reiterates that neither it nor its directors have engaged in any criminal conduct, and that the transaction in question remains a contractual matter governed by its agreed terms.
“The Company will continue to take all appropriate steps to protect its rights and to ensure that the authority of the Court is respected,” the company said.
Click here to read the statement by Sesi-Edem Company
