• Victor Amos
• Africa , Economy , Local News , News
• May 14, 2025
• 534 views
• 2 minutes Read

“Foreign Nationals Arrested by National Security for Illegal Gold Trading”

Accra, May 14, 2025 , A joint operation conducted by National Security operatives has resulted in the arrest of six Indian nationals involved in illegal gold trading. The suspects were apprehended in two separate raids three in Enyinam, Eastern Region, and three in Adiembra, Ashanti Region. Authorities seized hundreds of gold bars, thousands of cedis in cash, and money-counting machines during the operation, which was led by National Security Coordinator DCOP Abdul Osman. At a press briefing held at the National Security Secretariat, Prince Minkah, Media Relations Officer of the Ghana GoldBod, confirmed that the suspects will face legal action. Minkah explained that while foreigners arrested before the April 30 deadline would only face deportation, those detained afterward including the six Indians would be prosecuted. “The latest arrests will face the full rigours of the law. We confiscated gold, cash, and equipment used in their illegal operations. This serves as a warning: local gold trading is the exclusive domain of the GoldBod,” he stated. DCOP Osman further revealed that some Ghanaians had aided the suspects by allowing their identities to be used for company registrations, enabling tax evasion. He warned that such individuals would also face legal consequences. The GoldBod recently enforced a ban, effective May 1, 2025, prohibiting all foreigners and unauthorized individuals from participating in Ghana’s local gold market. Only licensed entities approved by the GoldBod may now engage in small-scale gold trading. Foreigners wishing to remain in the trade must apply directly to the GoldBod for authorization. The crackdown underscores the government’s commitment to regulating the sector and curbing illicit activities.