- Ghana Gold Board Act, 2025 (Act 1140) officially took effect on April 30
- Three Indian nationals arrested before deadline to be deported
- Confiscated items include gold counting machines and USD cash
The Ghana Gold Board (GoldBod) is taking a firm stance against gold smuggling as it begins enforcing the newly enacted Ghana Gold Board Act, 2025 (Act 1140). During a press briefing on Tuesday, May 14, GoldBod spokesperson Prince Minkah clarified that three foreign nationals arrested before April 30—the law’s effective date—will be deported, while three others arrested afterward will face full prosecution under the new law.
The six individuals, all foreign nationals, were apprehended in separate operations in the Ashanti Region and Anyinam. Minkah explained that the timing of their arrest determines the legal action being taken.
“The individuals detained before the law came into force will be repatriated to reunite with their families,” Minkah stated. These Indian nationals, though found in violation of existing gold trading rules, did not fall under the stricter provisions of Act 1140.
The second group, however, was caught after the April 30 deadline, and will be prosecuted under the new legislation. The 2025 Act gives the Ghana Gold Board exclusive authority over local gold trading and imposes harsh penalties for unauthorized participation—particularly for foreign nationals.
“If you’re a foreigner caught trading gold illegally, you will face the law,” Minkah warned. Confiscated evidence from the suspects in Anyinam includes gold counting machines and U.S. currency, which will be used in court.
The Ghana Gold Board Act was introduced to combat illegal gold exports, increase regulatory oversight, and ensure that Ghana fully benefits from its mineral wealth. A grace period was granted for foreign traders to exit the domestic market, but it officially ended on April 30, 2025.
Minkah emphasized that the law is designed to restore transparency and control in the gold sector. He added that GoldBod is ramping up surveillance efforts and working closely with security agencies to enforce compliance going forward.
“The law is unambiguous—foreigners can no longer engage in local gold trading. No exceptions,” he affirmed.
