The Ghana Gold Board (GoldBod) has presented GH¢12.65 million to the Narcotics Control Commission (NACOC), representing 50% of the proceeds from the sale of 17 gold bars seized from illicit gold traders in 2025, to strengthen enforcement against illegal gold trading and incentivise intelligence-led operations.
The payment forms part of GoldBod’s reward policy, which allocates proceeds from successful enforcement actions to informants, security personnel and participating state institutions. The initiative is expected to deepen collaboration between GoldBod and security agencies while reinforcing efforts to safeguard Ghana’s mineral resources.
Explaining the distribution, GoldBod Chief Executive Officer, Sammy Gyamfi, Esq., said 10% of the proceeds was allocated to the informant whose “credible intelligence” led to the successful operation. He added that the GoldBod Board of Directors approved an additional 20% for the NACOC officers who “risked their lives” during the operation, while the remaining 20% was awarded to NACOC as an institution for deploying its personnel and resources.
Receiving the cheque, NACOC Director-General, Major General Maxwell Obuba Mantey, commended GoldBod for honouring its commitment and reaffirmed the Commission’s resolve to continue working closely with the Board to combat illegal gold trading.
GoldBod said the presentation reflects its commitment to rewarding “credible intelligence”, strengthening collaboration with state security agencies and protecting Ghana’s gold resources through effective enforcement.
The seizure and subsequent distribution of proceeds form part of broader efforts to improve compliance within Ghana’s gold sector, deter illicit trading activities and ensure that the country’s mineral wealth delivers greater value to the national economy.
