The Ghana Gold Board (GoldBod) has suspended the license of NK Benak Enterprise, a Tier 2 licensed gold buyer, and instructed the immediate closure of all its trading shops across the country.
In a statement released on Tuesday, September 16, 2025, GoldBod explained that the suspension was prompted by the company’s involvement in multiple gold-related offenses. These violations led to the arrest of Bernard Nkrumah, the sole proprietor of NK Benak Enterprise, who is currently facing prosecution in the High Court.
“Licensed traders, miners, and the public are hereby notified to cease all transactions with NK Benak Enterprise immediately,” the statement read.
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GoldBod reiterated its dedication to enforcing the laws and regulations governing the gold sector, emphasizing that this suspension aligns with its efforts to promote transparency and accountability within the industry.
The Board also issued a warning to other entities, stating that similar actions will be taken against any company found violating industry standards.
Story By: Afia Ohenewaa Akyerem