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A High Court in Ghana has issued an order restraining the Economic and Organised Crime Office (EOCO) from maintaining its “wanted” declaration against the directors of Sesi-Edem Company Limited over an ongoing contractual dispute with JG Resources Ltd.
The court’s decision follows EOCO’s March 30, 2026 announcement declaring the company’s directors wanted and stating that investigations into the matter would continue. In response, Sesi-Edem Company Limited initiated fresh legal action, seeking judicial intervention to stop what it described as unlawful interference.
According to the ruling delivered under the court’s supervisory jurisdiction, EOCO, its officers, and all persons acting on its behalf have been barred from inviting, arresting, detaining, charging, or in any way restricting the liberty of the company’s directors in relation to the matter.
In a statement issued on April 15, the company disclosed that the court further directed EOCO to immediately suspend any ongoing or intended investigations based on the same allegations until a substantive application pending before the court is determined.
The dispute originates from a petition filed by JG Resources Ltd in November 2025, alleging that Sesi-Edem Company Limited failed to deliver the agreed quantity of gold under a supply agreement. However, court documents indicate that the contractual deadline for the delivery remains June 2026, suggesting that the contract period has not yet expired.
Despite this, EOCO reportedly proceeded to investigate the company on allegations of fraud and money laundering, including freezing its bank accounts. During court proceedings, the agency is said to have admitted that the contractual delivery timeline had not elapsed.
In an earlier ruling on March 19, 2026, the High Court found no legal basis for the allegations of fraud and money laundering and ordered the immediate unfreezing of the company’s bank accounts. The court further ruled that EOCO had acted beyond its statutory mandate and violated the company’s right to administrative justice.
Additionally, EOCO had previously sought judicial confirmation of its freezing orders at the Adentan High Court. However, the court ruled that the agency lacked the legal authority to continue with the investigation and overturned its earlier decision that had upheld the freeze.
The latest court order now compels EOCO to immediately withdraw the “wanted” notice and refrain from any further related action until the substantive legal issues are fully resolved. Reports indicate that the order has already been formally served on EOCO through court bailiffs.
Sesi-Edem Company Limited continues to maintain that neither the company nor its directors have engaged in any criminal activity, insisting that the disagreement remains strictly a contractual issue governed by mutually agreed terms.
The company reaffirmed its commitment to pursuing all lawful avenues to protect its rights and ensure full respect for the authority of the court.
“We reiterate that neither the company 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 statement said.
