BUSINESS/FINANCE
Goldbod Uncovers Gold Smuggling Syndicate; Commences Prosecution Of Arrested Suspects,While Announcing Bounty On Suspects At Large
The Ghana Gold Board (“GoldBod”) has updated the media on the arrest and prosecution of a gold smuggling syndicate involving a company by name RAFMOH Gold Ltd and NK Bernak Enterprise.
Speaking at a press conference held on Tuesday, 16th September 2025 at the GoldBod Head Office, in Accra, the Chief Executive Officer, Sammy Gyamfi Esq. indicated that the case is the most elaborate gold smuggling case ever uncovered by the GoldBod since its establishment.
He explained that, following a tip off from a patriotic Ghanaian whistleblower, the GoldBod Taskforce apprehended one Abdul Razak Seidu on August 27, 2025 at the Winneba junction and found in his possession, substances confirmed to be 9.2KG of gold and valued at about GHS10.2 million.
Investigations by the GoldBod Taskforce led to the arrest of Bernard Nkrumah, a Tier 2 licensed gold buyer of the GoldBod who operates in Tarkwa under the business name “NK Benark Enterprise” and one Ibrahim Aremeyaw, a key business associate of Rafmoh Gold Ltd.
Further investigations have revealed Rafmoh Gold Limited as the sponsor and mastermind of the gold smuggling syndicate.
It’s been established through investigations that the company through its officers and several couriers recruited by them, illegally purchased over 100 kilograms of gold, valued at over GHS100 million from NK Bernak Enterprise at Tarkwa over the last two (2) months alone.
All suspects have been arraigned before the High Court and charged for the offenses of facilitating gold smuggling, smuggling gold, transporting gold without authorization, among other gold related offenses.
After two weeks of remand into NIB custody by the High Court, the three (3) suspects in custody were granted bail but bail conditions are yet to be met.
The other four (4) suspects namely; Rafeeq Mohammed Nandoli A.K.A Salam, Muhammed Afsah Puthalan, Abdul Karim, Sadique Abubakar are at large and being pursued by the Ghana Police Service and the GoldBod Taskforce.
The GoldBod has secured arrest warrants for all the four suspects at large and has announced a bounty of GHS1 million on each of them.
Members of the general public who may have useful information about the whereabouts of any of the suspects are entreated to report same to the nearest Police station or the Ghana GoldBod head office, located at the former Bank of Ghana Head Office, High Street, Accra or call any of the following toll free numbers: 0800 44 653 or 0800 44 654.
In the meantime, the GoldBod has suspended the license and closed down the gold trade offices of NK Bernak
Enterprise in Tarkwa. The business offices of Rafmoh Jewerly located at Palace Mall in Accra has also been closed by the GoldBod on grounds of its connection to the gold smuggling syndicate of Rafmoh Gold Limited.
The CEO of GoldBod, Mr. Sammy Gyamfi Esq. reaffirmed GoldBod’s commitment to restoring integrity to Ghana’s gold trade, warning that any person found to be engaged in illegal gold trading, hoarding, or smuggling will be dealt with in accordance with law without fear or favour.
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