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Gold Mafia: We won’t retract or apologise to Akufo-Addo – Al Jazeera

International media organisation Al Jazeera says it will not apologise to President Akufo-Addo over its recent investigative documentary, ‘Gold Mafia’.
Al Jazeera said it does not owe the president nor his office any apology since it did not allege the issues raised in the letter from the Jubilee House demanding a retraction and apology.
The Doha-based company made this known in a reply to JoyNews’ Kwaku Asante’s email on Thursday, May 4, requesting a copy of its response to the presidency over the matter.
International media organisation Al Jazeera says it will not apologise to President Akufo-Addo over its recent investigative documentary, ‘Gold Mafia’.
Al Jazeera said it does not owe the president nor his office any apology since it did not allege the issues raised in the letter from the Jubilee House demanding a retraction and apology.
The Doha-based company made this known in a reply to JoyNews’ Kwaku Asante’s email on Thursday, May 4, requesting a copy of its response to the presidency over the matter.
“We have responded to the letter from the president’s office, correcting some parts of its content and clarifying various points.
“Since the documentary did not actually allege what the president’s Office has suggested it did, we will not be apologising or removing it from publication,” excerpts of the Al Jazeera response said.
“We have responded to the letter from the president’s office, correcting some parts of its content and clarifying various points.
“Since the documentary did not actually allege what the president’s Office has suggested it did, we will not be apologising or removing it from publication,” excerpts of the Al Jazeera response said.
However, it did not share copies of its response to the presidency stating it’s confidential.
“Our reply to the president’s office was by way of a confidential letter,” the reply concluded.
The Jubilee House, in an April 25 letter, demanded an unqualified apology from Al Jazeera over its depiction of President Akufo-Addo in its damning documentary.
The letter signed by Secretary to the President, Nana Bediatuo Asante stated that; “I am instructed by the President of the Republic, Nana Addo Dankwa Akufo-Addo, to demand formally that Al Jazeera Media Network (Al Jazeera”) retract immediately and apologise for airing an inaccurate and unfair documentary that contained spurious and unsubstantiated allegations against the President and the Government of Ghana.
But Al Jazeera stated that it has corrected and also clarified some of the contents in the letter from the Jubilee House.
How Ghana Appeared in Al Jazeera’s ‘Gold Mafia’ Documentary
Earlier in April, Ghana popped up in a damning investigative documentary conducted into some of Zimbabwe’s gold smuggling and money laundering syndicates.
In the concluding episode, undercover journalists posing as Chinese gangsters interact with one of the key parties, Alistair Mathias to help clean their dirty money.
Mr Alistair who is described in the piece as a Financial Architect told the reporters posing as criminals that he had a track record of successfully orchestrating such syndicates.
Essentially, he is said to be instrumental in designing money laundering schemes for many corrupt politicians in Africa.
Alistair named Ghana as one of the countries where he had executed similar schemes adding that he is good friends with its President who he also claims used to be his lawyer.
“Ghana’s President is a good friend of mine, in fact, he was my lawyer,” he told the undercover reporters.
Mr Alistair who is described in the piece as a Financial Architect told the reporters posing as criminals that he had a track record of successfully orchestrating such syndicates.
Essentially, he is said to be instrumental in designing money laundering schemes for many corrupt politicians in Africa.
Alistair named Ghana as one of the countries where he had executed similar schemes adding that he is good friends with its President who he also claims used to be his lawyer.
“Ghana’s President is a good friend of mine, in fact, he was my lawyer,” he told the undercover reporters.
Mr Mathias added that he used to be the biggest smuggler in Ghana at one point, raking out about $40 million to $60 million worth of gold a month from the West African country.
During the documentary, Alistair outlined his modus operandi to the undercover journalists suggesting that the most important credential of his operations in Africa comes from the trust that some dubious politicians have in him to keep their siphoned resources safely tucked away.
He revealed that in doing this, the politicians involved do not keep assets in their own names, but rely on proxies.
Citing government infrastructure as an example, he indicated that he is able to take huge contracts on behalf of Ghanaian politicians, inflate the cost and subsequently split the profit afterwards.
“In Ghana, I take tenders, road construction, procurement, supplying different things, oil, this that. There, all the politicians get taken care of, indirectly because it allows me to do all my other stuff freely.
He explains further in the documentary;
“For example, Ghana government, Mathias Holdings, I get the contract. I subcontract it to you, $100 million contract. Ghana government pays me $100 million. I give it to you and you say it’s $80 million” he told the investigative reporters who secretly recorded the interaction.
In this scenario, the outstanding $20 million out of the inflated $100 million is shared per an arrangement reached between Alistair and the said politician.
“In Ghana, I take tenders, road construction, procurement, supplying different things, oil, this that. There, all the politicians get taken care of, indirectly because it allows me to do all my other stuff freely.
He explains further in the documentary;
“For example, Ghana government, Mathias Holdings, I get the contract. I subcontract it to you, $100 million contract. Ghana government pays me $100 million. I give it to you and you say it’s $80 million” he told the investigative reporters who secretly recorded the interaction.
In this scenario, the outstanding $20 million out of the inflated $100 million is shared per an arrangement reached between Alistair and the said politician.
Source:Myjoyonline.com
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GEXIM deepens relations with US EXIM Bank

A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama

President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com