By: Benjamin Nii Nai Anyetei
The Ghana Gold Board (GOLDBOD) has warned that it will show zero tolerance for gold smuggling after three members of a seven-man syndicate were arrested in a bust valued at more than GH¢120 million.
Chief Executive Officer, Sammy Gyamfi cautioned that no one, regardless of political connections or financial influence, will be spared if found engaging in illegal gold trade.
“We are determined and resolved to enforce the Gold Board Act and other laws of our land without fear or favour. Your political affiliations will not save you. Even if John Mahama is your father, they will enforce the law,” he said.
As part of enforcement measures, GOLDBOD has suspended NK Benak’s licence and shut down its jewellery outlet at the Palace Mall, alongside its other trading offices.
According to Mr. Gyamfi, the sanctions are not just punitive but also preventive and meant to restore integrity in Ghana’s gold trade and deter others who may be tempted to breach their licence conditions.
GOLDBOD has cautioned all dealers to strictly adhere to their licence obligations, warning that any violations will result in immediate suspension or revocation of permits, as well as closure of outlets.
