By Magdalene Andoh
The Ghana Gold Board (GoldBod) has suspended the operating license of Evanex Gold Enterprise, a licensed Tier 2 gold buyer, following findings of illegal pricing practices.
In a statement issued today, GoldBod announced that the suspension takes immediate effect, warning all licensed traders, miners, and members of the public to refrain from engaging in any gold-related transactions with the company.
According to the Board, the decision stems from “an adverse investigative finding of illegal gold pricing,” which violates the terms and conditions under which Evanex Gold Enterprise was licensed to operate.
“GoldBod remains committed to enforcing the laws and regulations that govern the gold trading sector in the spirit of accountability and transparency,” the Compliance Directorate emphasized in the notice signed by Chief Executive Officer Samuel Gyamfi, Esq.
The move underscores GoldBod’s ongoing crackdown on illegalities in the gold industry, as the institution pushes to sanitize the sector, protect licensed operators, and safeguard state revenues from illicit practices. check for grammar errors only
