The Ghana Gold Board (GoldBod) has uncovered a massive gold smuggling syndicate involving RAFMOH Gold Ltd and NK Bernak Enterprise, with over 100 kilograms of gold valued at over GHS100 million allegedly smuggled out of the country. The GoldBod Taskforce apprehended one Abdul Razak Seidu on August 27, 2025, with 9.2KG of gold valued at GHS10.2 million.
Further investigations led to the arrest of Bernard Nkrumah, a Tier 2 licensed gold buyer, and Ibrahim Aremeyaw, a key business associate of Rafmoh Gold Ltd. The suspects have been arraigned before the High Court and charged with offenses including facilitating gold smuggling and transporting gold without authorization.
Four suspects, including Rafeeq Mohammed Nandoli, Muhammed Afsah Puthalan, Abdul Karim, and Sadique Abubakar, are at large, and the GoldBod has secured arrest warrants and announced a bounty of GHS1 million for each of them. The GoldBod has also suspended the license and closed down the gold trade offices of NK Bernak Enterprise and Rafmoh Jewelry.
The CEO of GoldBod, Sammy Gyamfi, has reaffirmed the Board’s commitment to restoring integrity to Ghana’s gold trade, warning that any person found engaging in illegal gold trading, hoarding, or smuggling will be dealt with in accordance with the law.
Ruth Abla ADJORLOLO
