EOCO drops probe into Prestea-Bogoso Mine takeover

The Economic and Organised Crime Office (EOCO) has ended its investigation into the acquisition of the Prestea-Bogoso Mine by Heath Goldfields Ltd, citing a lack of sufficient evidence.

In a letter dated February 10, EOCO lifted its freezing orders on the company’s accounts, allowing the transaction to proceed.

The mine, previously owned by Future Global Resources (FGR), had been inactive since 2023 due to financial difficulties.

While the government approved its takeover by Heath Goldfields in 2024 to revive operations, FGR challenged the move, claiming unfair treatment.

Despite the controversy, EOCO found no grounds to continue its probe into alleged document falsifications.

However, legal disputes over the ownership may still persist.