Accra, Sept. 17, GNA – The Ghana Gold Board (“GoldBod”) has arrested a gold smuggling syndicate involving RAFMOH Gold Limited and NK Bermak Enterprise, with over 100kg of gold worth GH¢100 Million smuggled within two months.
Mr Sammy Gyamfi, the Chief Executive Officer, indicated that the case was 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 one Abdul Razak Seidu on August 27, 2025, at the Winneba Junction in the Central Region, and found in his possession substances confirmed to be 9.2 kilograms of gold, valued at approximately GH¢10.2 million.
He said investigations by the GoldBod Taskforce led to the arrest of Bernard Nkrumah, a Tier 2 licensed gold buyer of the GoldBod, who operated in Tarkwa under the business name, “NK Benark Enterprise” and one Ibrahim Aremeyaw, a key business associate of RAFMOH Gold Limited.
Further investigations have revealed RAFMOH Gold Limited as the sponsor and mastermind of the gold smuggling syndicate.
It has 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 GH¢100 million, from NK Bernak Enterprise at Tarkwa over the last two (2) months alone.
All suspects have been arraigned at the High Court and charged with the offences of facilitating gold smuggling, smuggling gold, transporting gold without authorisation, among other gold-related offences.
After two weeks of remand into NIB custody by the High Court, the three suspects in custody were granted bail, but the bail conditions have yet to be met.
The other four (4) suspects, namely, Rafeeq Mohammed Nandoli A.K.A Salam, Muhammed Afsah Puthalan, Abdul Karim, and Sadique Abubakar, are at large and were being pursued by the Ghana Police Service and the GoldBod Taskforce.
The GoldBod has secured arrest warrants for all four suspects at large and has announced a bounty of GH¢1 million on each of them.
Members of the public who may have useful information about the whereabouts of any of the suspects are entreated to report the 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.
Meanwhile, the GoldBod has suspended the license and closed the gold trade offices of NK Bernak Enterprise in Tarkwa.
The business offices of RAFMOH Jewellery located at Palace Mall in Accra have also been closed by the GoldBod on grounds of its connection to the gold smuggling syndicate of RAFMOH Gold Limited.
Mr. Gyamfi 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.
GNA
16 Sept.2025
Edited by Samuel Osei-Frempong