By Emmanuel Nyatsikor
Ho, July 4, GNA – Mr Dick Anyadi, a non-Clergy Trustee of the Evangelical Presbyterian Church, Ghana (EPCG), has expressed indignation that steps were not taken to notify the Registrar of Companies to remove their names as Beneficial Shareholders in the Prime Natural Mineral Drinking Water Limited (PNMDWL) saga.
“I am surprised that steps have not been taken to remove our names as Beneficial Shareholders and Secretary in that company to this day,” he said.
Mr Anyadi, stated this in a letter titled “To whom it may concern – Re: Prime Natural Mineral Drinking Water” dated June 26, 2026, and sighted by the Ghana News Agency.
The letter was in response to accusations levelled against him and Rt. Rev. Dr. Lt. Col. Bliss Divine Agbeko (rtd), Moderator of the General Assembly of the EPCG and some top officers in a letter by some members of the Church for allegedly registering the Church’s PNMDWL in their names instead of the Church.
Mr Anyadi was also accused of buying 1500 shares in the company.
Recounting his role in the registration process of the Water Company, said the Moderator had a meeting with him and Presbyter Joy Delali Amegbe, a Presbyter Trustee of the Church on the campus of Trinity Theological Institute in November, 2021, where he (Moderator) laid bare his plans for setting up a Satchet Water Company for the Church.
Mr Anyadi stated that the Moderator then requested them to sign the initial documentation necessary for the incorporation of the Company he envisaged.
He said after a moment of hesitation, as Trustees of the Church, he concluded that nothing prohibited them from playing the role of promoters of the Company being set up for the business of the Church.
Mr Anyadi said that “nothing also prohibited us as Trustees of the Church from acting as the first Directors or even Secretary of the Company, until it had been properly incorporated and it’s substantive officers have taken up their positions and tasks in the Company.”
He said based on rationalisation he advised Presbyter Amegbe on the need for them to assist, and they signed the documents for submission to the Registrar of Companies
Mr Anyadi stated that the following were the essential documentation that they signed to promote the setting up of the Company, the Moderator and himself signed consenting to act as the first Directors of the Company, whilst Mr Amegbe, a signed consenting to act as Secretary of the Company during its incubation period.
He continued that they also signed the application to register a company with shares and also the number of shares to be floated and number of shares to be taken by each Shareholder/Director.
Mr Anyadi noted that per the format provided in the incorporation application forms purchased from the Registrar of Companies, they indicated authorized shares as 1,000,000, stated capital 5,000, shares to be taken by the Moderator 3,500 and himself 1,500.
He said in assigning shares against the promoters as the initial subscribers, they were only fulfilling the requirements of the Registrar Genral’s Department.
“The duty and role of the promoters is deemed to have ended, and we are expected to hand over the control and management of the Company to the substantive officers, when installed to take over the direction and management of the company.
“We consider our task accomplished and went away basically playing no further role in the submission and processing of the application leading to the formal Incorporation of the Company,” he said.
Mr Anyadi said that he has never applied for the allocation of beneficial shares, paid for any shares, or held any share certificate.
He stated that it was perfectly legitimate to register the Company in the name of the EPCG as the real owner and beneficiary of the incorporation and operations of the Company.
Mr Anyadi said the decision to hold shares was a matter of discretion by those who set up the company.
He noted that there was nothing irregular or wrong to vest it in the Trustees in their role as Trustees of the Church.
“I note and appreciate the outrage that hundreds of members and non-members of the Church worldwide have felt and forcefully sought to convey to me concerning my alleged role in this matter.
“The time is long overdue when someone ought to take steps to clean up the records of the Company both in the office and in the records of the Registrar of Companies,” Mr Anyadi concluded.
Mr Justice Nyatefe, a concerned member of the Accra New Town branch of the Church, responding to Mr Anyadi’s claims in a letter copied to the GNA stated that the defensive narrative of Mr Anyadi contains significant factual contradictions, clear violation of the Ghana Companies Act 2019 (Act 992) and a direct breach of the EPCG Constitution (2010 Revised 2020).
He said his rebuttal systematically exposed the profound moral and legal vulnerabilities of his arguments calling our historic church back to the light of statutory order and radical accountability.
Mr Nyatefe added that in the economy of the Christian Church, spiritual leadership was not “a license for unregulated administrative power, rather it is a submissive obligation to operate within the established legal frameworks, absolute financial transparency and unyielding ethical rectitude.”
In another development, Mr Courage Degblor, a member of the Lorenz Wolf parish of the Church in Community one, Tema reiterated the need for Rt. Rev. Dr. Lt. Col. Agbeko, the Moderator and Rev. Daniel Torvinyo Director of Finance of the Church to step aside for a forensic audit of PNMDWL.
He called on the GAEC to rescind its acceptance of the altered audit opinions presented during the “shum emergency meeting” on June 29, 2026.
This was contained in a letter also in response to Mr Anyadi’s claims sighted by the GNA in Ho.
Mr Degblor also called on the GAEC to suspend MAK Global Partners, the auditing firm which audited the accounts of PNMDWL from all the church’s engagements.
GNA
Edited by Maxwell Awumah/Kenneth Odeng Adade