The Ghana Gold Board (GoldBod) has suspended the license of NK Benak Enterprise, a licensed gold buyer, and ordered the immediate closure of all its trading shops across Ghana following the company’s alleged involvement in a large-scale gold smuggling network.
GoldBod, in a statement dated Tuesday, September 16 revealed that the sole proprietor, Bernard Nkrumah, has been arrested and is currently facing prosecution in the High Court.
The Board warned the public, miners, and other licensed traders to refrain from conducting any gold transactions with NK Benak Enterprise.
Investigations uncovered that the company, along with Rafmoh Gold Ltd, illegally purchased over 100 kilograms of gold worth more than GH₵100 million in the past two months.
Three suspects, including Nkrumah, have been arraigned on charges of facilitating gold smuggling and transporting gold without authorization, while four others remain at large, with a GH₵1 million bounty announced for each fugitive.
GoldBod, in collaboration with the Ghana Police Service, has emphasized its commitment to transparency and strict enforcement of gold trading regulations, urging the public to report any information on the suspects.
The Board has also shut down NK Benak’s Tarkwa offices and Rafmoh Jewelry in Accra, reiterating that any involvement in illegal gold trading or smuggling will attract serious legal consequences.
Below is the statement
