spot_img

GoldBod Taskforce Nabs 10 Chinese Nationals in Illegal Gold Trade Crackdown

Published on

spot_img

The GoldBod Taskforce has apprehended ten Chinese nationals  allegedly involved in illicit gold trading at Asankragua in the Western Region just two days after the government imposed a nationwide ban on foreign participation in the domestic gold market.

The arrests, carried out by the GoldBod Taskforce—a newly empowered enforcement unit—took place at a private residence in Asankragua, a mining hub in the country’s Western Region. Acting on intelligence from local informants, task force operatives confiscated approximately 1.3 kilograms of gold, an estimated GH₵1.4 million ($108,000) in cash, a pump-action shotgun, and what officials described as “casino-style cards” suspected to be linked to money laundering activities.

“This is not a symbolic action—we mean business,” said Sammy Gyamfi, CEO of GoldBod, the state-backed body tasked with cleaning up Ghana’s gold industry. “You cannot engage in illegal gold trading or smuggling and expect to go scot-free.”

Unlike in previous cases involving foreign nationals, Mr.Gyamfi confirmed that the suspects will not be deported but instead face prosecution under Ghanaian law. “The grace period is over,” he said at a press briefing in Accra. “We’ve issued enough warnings. Now, if you’re caught, you’ll be prosecuted to the full extent of the law.”

The crackdown comes amid heightened scrutiny of illegal mining and foreign interference in Ghana’s artisanal gold market, a multibillion-dollar industry long plagued by regulatory gaps and smuggling. The government’s new directive explicitly prohibits non-Ghanaians from engaging in gold buying or selling activities, part of broader reforms aimed at stemming revenue losses and environmental degradation.

According to Mr. Gyamfi, investigators are building what he described as a “water-tight case” against the accused. The suspects are expected to be arraigned in court within 24 hours, where prosecutors will request that they be remanded into custody pending further investigation.

“This operation sends a clear message,” Mr. Gyamfi said. “Ghana is serious about protecting its natural resources and restoring order to its gold sector.”

Ghana is Africa’s largest gold producer and among the top exporters globally, but illegal mining—locally known as galamsey—has eroded state revenues and drawn criticism for its environmental toll. The government has stepped up enforcement efforts in recent years, though critics argue that implementation has often lacked consistency.

Source:TheDotNews

Latest articles

2026 budget: Blueprint for transformation or another missed opportunity

By Seidu Agongo On November 13, the Finance Minister Dr. Cassiel Ato Forson, unveiled the...

Stampede at Military Recruitment: A Stark Reminder of Our Grim Unemployment Crisis

By Seidu Agongo Yesterday, six of our young citizens who left home hoping to return...

Air Traffic Engineers Suspend Planned Strike After Talks With Aviation Authority

The Ghana Air Traffic Safety Electronics Association (GhATSEA) has suspended its planned nationwide strike,...

EPA bans ‘Changfan’ machines used in illegal mining

Ghana’s Environmental Protection Authority (EPA) has announced an immediate ban on the fabrication, importation,...

More like this

2026 budget: Blueprint for transformation or another missed opportunity

By Seidu Agongo On November 13, the Finance Minister Dr. Cassiel Ato Forson, unveiled the...

Stampede at Military Recruitment: A Stark Reminder of Our Grim Unemployment Crisis

By Seidu Agongo Yesterday, six of our young citizens who left home hoping to return...

Air Traffic Engineers Suspend Planned Strike After Talks With Aviation Authority

The Ghana Air Traffic Safety Electronics Association (GhATSEA) has suspended its planned nationwide strike,...

Discover more from The Dot News

Subscribe now to keep reading and get access to the full archive.

Continue reading