By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
News

Police, Gold Board Offer GH₵1mn Bounty in Crackdown on Gold Smuggling Syndicate

Illicit gold exports cost Ghana millions, authorities move to tighten controls with bounties on fugitives

GoldBod, BoG Buying Gold at Premium Price to Curb Smuggling Signals Policy Failure - ACEP Boss Says
Isaac Kofi Tsoenamawu
Sep 16, 2025

The Ghana Police Service and the Ghana Gold Board (GoldBod) have launched a nationwide manhunt for four individuals accused of orchestrating a major gold smuggling operation.

The suspects, Abdul Karim, Sadique Abubakar, Muhammed Afsal Puth Puthalan, and Muhammed Nandoli Rafeeq, are alleged to be part of a seven-member network that has been smuggling gold outside official channels.

Authorities say the illegal activity deprives the state of much-needed revenue while undermining efforts to formalize the mining sector.

Speaking at a press briefing in Accra on Tuesday, September 16, the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, said warrants had been issued for the suspects. “We have an arrest warrant for all of them; they are wanted by the police and the GoldBod. If you have any information about them, you can report to the nearest police station or the GoldBod head office,” he stated.

Mr. Gyamfi confirmed that three members of the syndicate have already been apprehended and are in the custody of the National Intelligence Bureau (NIB). To accelerate the capture of the remaining suspects, authorities have announced a GH₵1 million bounty on each fugitive. “We have a bounty of GH₵1 million on each of them,” he said.

READ ALSO

Airport Security Theatre: Have Ghana’s High-Level Meetings and Passenger Checks Delivered Results?
Closing Dividend, Rising Pressure: Ghana’s 11-Million Youth Mismatch Threatens Economic Growth
Afreximbank, APPO Launch $5 Billion Africa Energy Bank to Finance Oil and Gas Projects

The clampdown comes as Ghana intensifies its fight against illegal gold exports, which industry analysts estimate drain billions of dollars from state coffers annually. Smuggling not only erodes tax revenues but also distorts official trade statistics and damages the country’s credibility as Africa’s second-largest gold producer.

The joint action by the Police Service and the Gold Board adds to a tougher stance on illicit trade networks, with enforcement agencies under pressure to close revenue leaks.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Structural Reforms Needed for Resilient Currency, Says BoG Director of Research
Next Article AGI Calls for Smooth Transition of 1D1F Firms into 24-Hour Economy Policy
- Sponsored Content -
Ad imageAd image

LATEST NEWS

Making Money Is One Thing, Keeping It Another: A $6.3 Billion Wake-Up Call for Ghanaian Investors
Making Money Is One Thing, Keeping It Another: A $6.3 Billion Wake-Up Call for Ghanaian Investors
Business & Economy
Beyond Political & Social Credentials: Ghana Must Strive for Economic Freedom & Prosperity – ACEYE CEO Says
Beyond Political & Social Credentials: Ghana Must Strive for Economic Freedom & Prosperity – ACEYE CEO Says
News
NDPC Moves to Improve Coordination of District Development Plans and Budgets
NDPC Moves to Improve Coordination of District Development Plans and Budgets
News
MIIF Launches Five-Year Forest Restoration Project in Western Region
MIIF Launches Five-Year Forest Restoration Project in Western Region
News
Syrian National Arrested in Beirut with 40kg of Suspected Cocaine from Ghana
Syrian National Arrested in Beirut with 40kg of Suspected Cocaine from Ghana
Legal Insights News

You May Also Like

Ghana Rolls Out Chip-Embedded Passports: What Travelers and Businesses Need to Know

Ghana Rolls Out Chip-Embedded Passports: What Travelers and Businesses Need to Know

Adenuga Meets Mahama in Accra Amid AirtelTigo Investor Hunt — Is the Glo Boss Plotting a Telecom Comeback?

Adenuga Meets Mahama in Accra Amid AirtelTigo Investor Hunt — Is the Glo Boss Plotting a Telecom Comeback?

Chickens feed in an egg production farm

Dormaa Chief Calls for Poultry Feed Subsidy to Boost Local Production

https://thehighstreetjournal.com/ghana-commits-to-advancing-genetic-biocontrol-research-regulation-and-intl-collaboration/

Ghana Commits to Advancing Genetic Biocontrol Research, Regulation, and Int’l Collaboration

GACL Earns ACI Africa Awards as Accra Airport Faces Growth and Security Demands 

The Silent Earner: Ghana Rakes in About $5B from Non-Traditional Exports in 2025

Bank of Ghana Expected to Raise Policy Rate to 28% Amid Inflation Concerns

TOR’s Reputation as Political Football Deterring Serious Investors – Public Enterprises Minister  

Akonta Mining

Akonta Mining Demands GH₵20M in Libel Suit Against Lands Minister

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

%d