The Ghana Gold Board has arrested 25 individuals who it said were involved in illegal gold fabrication, trading, and smuggling.
Deputy Chief Executive Officer, Richard Nunekpeku who briefed the Media in Accra, on Monday November, 10, 2025 said the suspects have been granted Police inquiry bail pending prosecution.
According to Richard Nunekpeku the first, arrest involving four Indians and one Ghanaian took place on November 5, led by a joint intelligence team from the Ghana Gold Board and the National Security and a second arrest of 20 individuals on November 6.
‘’Evidence indicated smuggling routes through neighboring countries and fraudulent schemes targeting unsuspecting buyers’’.
Mr. Nunekpeku said the suspects were found engaging in unauthorized gold fabrication and jewelry making activities, noting the task force retrieved various exhibits which included gold pieces, rings, mobile phones, a CCTV recorder, a lock, gold bars, cash, and unlicensed gold trading documents.
“The task force recovered assorted jewelries valued at 22,670 Ghana Cedis and three gold bars, which were confirmed to be gold. The gold bars were valued at 453,032 Ghana Cedis and investigations are ongoing to trace locations and financial transactions linked to the suspects’’.
The Deputy CEO also said the task force also recovered 112,500 United States Dollars, 64,014 Ghana Cedis in cash, and two side arms from the second arrest.
Richard Nunekpeku reiterated the Board’s zero-tolerance stance on illegal gold trading and smuggling and urged citizens and stakeholders to verify the legitimacy of gold dealers, buyers, and exporters through the official gold board act or by visiting their offices.
He said such activities not only violate the law but also undermine economic stability, distort legitimate markets, and deprive the state of vital revenue and forex.
He therefore emphasized the Board’s commitment to ensuring full compliance with the legislative environment established by the Ghana Gold Board Act 2025.
