• About
  • Advertise
  • Careers
  • Contact
Friday, October 10, 2025
No Result
View All Result
NEWSLETTER
mynewssourceonline
  • Home
  • Politics
  • Entertainment
  • Business
  • Legal
  • Sports
  • Lifestyle
  • World
  • Opinion
  • Home
  • Politics
  • Entertainment
  • Business
  • Legal
  • Sports
  • Lifestyle
  • World
  • Opinion
No Result
View All Result
mynewssourceonline
No Result
View All Result
Home Legal

GoldBod arrests American, Moroccan and 4 Ghanaians for illegal gold trade

GoldBod cracks down on international gold smuggling network in Ghana

by admin
October 8, 2025
in Legal, News
0
GoldBod illegal gold trade

GoldBod illegal gold trade

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Ghana Gold Board (GoldBod) Taskforce has arrested six people — among them an American, a Moroccan, and four Ghanaians — for allegedly engaging in illegal gold trade in violation of the Ghana Gold Board Act, 2025 (Act 1140).
The arrests were made during a targeted operation at the SSNIT Emporium near Marina Mall in Accra’s airport enclave, following several weeks of surveillance and intelligence gathering by the Taskforce.
According to GoldBod officials, the suspects were intercepted while attempting to purchase approximately 2.1 kilogrammes of gold, valued at GH¢2.2 million, without the required authorisation.
Subsequent investigations reportedly uncovered gold refining equipment in the possession of the American suspect, raising concerns about an attempt to establish an illegal refining setup within the country.
The six individuals have since been arraigned before the court on multiple charges, including conspiracy to trade in gold without a licence, illegal gold trading and assaying, and attempting to refine gold without authorisation. These offences are in contravention of Section 23(1) of the Criminal Offences Act, 1960 (Act 29) and Section 26(1) of the Ghana Gold Board Act, 2025 (Act 1140).
In a statement, the GoldBod Taskforce reaffirmed its commitment to enforcing compliance across the gold sector.
“These arrests underscore our zero-tolerance policy toward illegal gold operations. Both local and foreign actors must comply with the law by securing the necessary licences,” the statement read.
GoldBod further cautioned that unlicensed trading, assaying, or refining of gold constitutes a serious criminal offence and urged the public to verify all licences and permits before engaging in any gold-related transactions.
Authorities say investigations are still underway, with additional details expected as the case progresses.

Tags: SSNITThe Ghana Gold Board
admin

admin

Next Post
Parliament lack funds

Did Speaker postpone Parliament indefinitely due to lack of funds?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

half-year profit

Banks’ 2025 half-year profit soars to GH¢7.2bn

4 days ago
New GIADEC CEO Optimistic About Contribution of Aluminium Industry to Ghana’s Economic Recovery

New GIADEC CEO Optimistic About Contribution of Aluminium Industry to Ghana’s Economic Recovery

7 months ago

Popular News

  • blindness cataract

    165,000 people currently blind in Ghana due to cataract

    0 shares
    Share 0 Tweet 0
  • Here are today’s newspaper headlines, Friday, October 10, 2025

    0 shares
    Share 0 Tweet 0
  • Captain Smart tells A-G to pause prosecution of Adu-Boahene and review case properly

    0 shares
    Share 0 Tweet 0
  • Awareness month: Know the 6 causes and symptoms of breast cancer

    0 shares
    Share 0 Tweet 0
  • Kulendi-Jakpa probe: CID receives Ofori-Atta’s evidence

    0 shares
    Share 0 Tweet 0

Connect with us

  • About
  • Advertise
  • Careers
  • Contact
Call us: +233208991455

© 2025 Mynewssourceonline - All rights reserved

Powered by
...
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
►
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None
Powered by
No Result
View All Result
  • Home
  • Politics
  • Business
  • Entertainment
  • Banking
  • Legal
  • Sports
  • Lifestyle
  • World
  • Opinion

© 2025 Mynewssourceonline - All rights reserved