July 4, 2025
Gold Investing

GoldBod Taskforce launches crackdown, arrests 10 in gold trade bust


The suspects were arrested with pump-action guns and huge amount of money The suspects were arrested with pump-action guns and huge amount of money

In a significant move against illicit gold trafficking, the GoldBod Taskforce arrested ten Chinese nationals in Asankragua, Western Region, just 48 hours after the government declared a nationwide prohibition on foreign participation in the local gold sector.

The accused were allegedly involved in illegal gold dealings at a private apartment when they were apprehended.

Based on reliable information from informants, the operation also resulted in the recovery of a pump-action gun, a large number of suspected money-laundering casino cards, 1.3 kg of gold valued at almost GH₵1.4 million, and more than GH₵1.3 million in cash.

GoldBod CEO Sammy Gyamfi, speaking at a press conference on Wednesday, June 2, 2025, confirmed that the arrested individuals would not be deported but would face full prosecution in accordance with Ghana’s laws.

“We mean business, and this time around, you cannot engage in illegal gold trading and gold smuggling and go scot-free,” he said.

According to Mr Gyamfi, the task force’s prompt action makes it abundantly evident to unlawful operators, particularly foreigners, that Ghana is acting decisively to clean up the gold business and implement its new rule that forbids foreigners from purchasing or selling gold in Ghana.

“The grace period is over and we have given countless warnings upon warnings. And so when you are arrested now, there will not be anything like deportation,” he said.

The CEO of GoldBod added that he has given the investigators instructions to use the evidence provided by the field workers to create a strong case.

“By tomorrow, they will be arraigned before court, we will be praying the court remands them into custody for further investigations and it is our hope that we will get a favourable outcome,” he added.



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