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 RAFMOH Gold Ltd and NK Bernak Enterprise.

Speaking at a press conference held on Tuesday, September 16, 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 GoldBod since its establishment.

He explained that, following a tip-off from a patriotic Ghanaian whistleblower, the GoldBod Taskforce apprehended Abdul Razak Seidu on August 27, 2025, at the Winneba Junction and found in his possession substances confirmed to be 9.2kg of gold, valued at about GH₵10.2 million.

Investigations by the GoldBod Taskforce led to the arrest of Bernard Nkrumah, a Tier 2 licensed gold buyer of GoldBod who operates in Tarkwa under the business name NK Bernak Enterprise, and 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.

Investigations have established that the company, through its officers and several couriers recruited by them, illegally purchased over 100 kilograms of gold valued at more than GH₵100 million from NK Bernak Enterprise in Tarkwa over the last two months alone.

All suspects have been arraigned before the High Court and charged with offences including facilitating gold smuggling, smuggling gold, transporting gold without authorization, and other gold-related offences.

After two weeks of remand in NIB custody by the High Court, the three suspects in custody were granted bail, although the bail conditions are yet to be met.

The other four suspects, namely Rafeeq Mohammed Nandoli, also known as Salam, Muhammed Afsah Puthalan, Abdul Karim, and Sadique Abubakar, are at large and are being pursued by the Ghana Police Service and the GoldBod Taskforce.

GoldBod has secured arrest warrants for all four suspects at large and announced a bounty of GH₵1 million for information leading to the arrest of each of them.

Members of the general public who may have useful information about the whereabouts of any of the suspects are encouraged to report the information to the nearest police station or the Ghana GoldBod Head Office, located at the former Bank of Ghana Head Office on High Street, Accra, or call the toll-free numbers 0800 44 653 or 0800 44 654.

In the meantime, GoldBod has suspended the licence and closed down the gold trading offices of NK Bernak Enterprise in Tarkwa. The business offices of Rafmoh Jewelry, located at Palace Mall in Accra, have also been closed by GoldBod on grounds of their connection to the gold smuggling syndicate involving Rafmoh Gold Limited.

The CEO of GoldBod, 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 the law without fear or favour.