The Ghana Gold Board (GoldBod) has suspended the gold trading licence of Dominic Bonsu Ventures with immediate effect over alleged regulatory breaches.
Accordingly, the company has been barred from undertaking any gold trading activities pending investigations.
A notice issued by GoldBod’s Compliance Directorate said the action followed the Board’s determination that the company had breached the terms and conditions of its licence, the Board’s trading directives and provisions of the Ghana Gold Board Act, 2025 (Act 1140).
The Board said it was seeking the proprietor of Dominic Bonsu Ventures in connection with ongoing enforcement proceedings.
It said the High Court in Accra, upon an application by GoldBod, had issued a bench warrant for the arrest of the proprietor to facilitate the enforcement process and related criminal proceedings.
GoldBod said it was working with the appropriate law enforcement agencies to execute the warrant.
The Board directed Dominic Bonsu Ventures to cease the purchase, sale, aggregation, transportation and all other transactions involving gold during the period of the suspension.
It also instructed all licensed gold buyers, aggregators, self-financing aggregators and miners to stop all commercial dealings with the company with immediate effect.
GoldBod warned that any person or entity that facilitated or engaged in gold transactions with the suspended company during the suspension would be subject to enforcement and regulatory measures under the Ghana Gold Board Act, 2025 (Act 1140).
The Board said the action formed part of efforts to enforce compliance with the laws, licence conditions and trading directives governing Ghana’s gold trading sector.
It reaffirmed its commitment to promoting integrity, transparency and orderly operations within the industry.
GoldBod urged all stakeholders to comply with the directive to avoid sanctions under the law.
The Board said it would continue to monitor compliance and take appropriate enforcement action against persons and entities found to have breached regulatory requirements.
It encouraged licensed operators to conduct their business in accordance with the Ghana Gold Board Act and directives issued by the Board.
The Compliance Directorate said GoldBod remained committed to safeguarding the integrity of Ghana’s gold trading regime through effective regulation and enforcement.