JG Resources Limited and three of its directors — Papa Yaw Owusu-Ankomah, Maame Akosua Asama Kuranchie, and Kwaku Appiah Yeboah — are facing possible sanctions, including imprisonment, in contempt proceedings before the High Court (Commercial Division) in Accra.

The proceedings stem from Suit No. GJ-CM/OCC/0181/2026 filed by Sesi-Edem Company Limited, which alleges that JG Resources used its corporate name and the signature of its Managing Director without authorisation in relation to a Sale and Purchase Agreement with Tayvest-FZCO for the purchase of gold dore bars.

According to court filings, Sesi-Edem Company Limited claims the agreement bore a forged signature and company stamp. The alleged irregularities were reportedly discovered after information was received from a journalist, prompting the company to initiate legal action.

On 19 December 2025, the High Court granted an injunction and preservation order in favour of Sesi-Edem Company Limited.

The orders reportedly directed JG Resources to freeze specified bank accounts, including one with Access Bank, deposit funds linked to the disputed transaction into court, and file a sworn affidavit disclosing all related assets.

The order is said to have been served on 22 December 2025.

In support of the contempt application, Sesi-Edem filed an affidavit stating that no funds had been deposited into court, no disclosure affidavit had been filed, and no application had been made to vary, discharge, or stay the order.

A registry search dated 7 January 2026 is cited as indicating that the compliance steps had not been taken.

The applicant argues that the alleged non-compliance amounts to wilful disobedience of a valid court order.

Contempt proceedings are intended to protect the authority and integrity of the judiciary.

If the court finds that its orders were disregarded, it may impose penalties, including fines or imprisonment.

The matter is scheduled to be heard in March 2026, when the court will determine whether the respondents breached its directives and whether committal is justified.

In a related development, Tayvest-FZCO has reportedly filed a formal complaint with the Criminal Investigation Department (CID) of the Ghana Police Service concerning an alleged US$17 million gold transaction said to involve accusations of fraud, document manipulation, and disputed responsibility.

The case has reportedly triggered parallel investigations and drawn the attention of national security authorities due to the scale of the transaction.

All allegations remain before the courts and investigative bodies.

No final determinations have been made.