The Ghana Gold Board (GoldBod) has suspended the operating licence of Evanex Gold Enterprise, a Tier 2 licensed gold buyer, after investigations revealed the company was engaged in illegal gold pricing.
The suspension, which took immediate effect on Thursday, August 28, 2025, was announced in a compliance notice issued by GoldBod’s Compliance Directorate.
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“Notice is hereby given to all licensed traders, miners, and the public to desist from trading and/or engaging in any form of gold transaction with Evanex Gold Enterprise forthwith,” the statement read.
The regulator underscored its commitment to enforcing strict compliance in Ghana’s gold trading sector, stressing that transparency and accountability remain key pillars of its mandate.
According to GoldBod, the move forms part of broader efforts to clamp down on malpractice within the industry and to ensure all licensed entities adhere to established regulatory standards.
Story By: Afia Ohenewaa Akyerem