The Ghana Gold Board (GoldBod) has suspended the license of Evanex Gold Enterprise, a Tier 2 licensed gold buyer, effective immediately, following an investigation that found the company engaged in illegal gold pricing in violation of licensing terms.
This was confirmed in a statement released on Thursday, August 28.
GoldBod, in the statement directed all licensed traders, miners, and the public to immediately halt any gold transactions with Evanex Gold Enterprise until further notice.
The regulator described the action as necessary to uphold integrity, transparency, and accountability in Ghana’s gold trading sector.
“This action follows an adverse investigative finding of illegal gold pricing made against the company by the GoldBod, contrary to the terms and conditions of the license of the company. Notice is hereby given to all licensed traders, miners and the general public to desist from trading and/or engaging in any form of gold transaction with Evanex Gold Enterprise forthwith,” the statement read.
GoldBod stressed that breaches of this nature will not be tolerated and warned that any future violations by other operators would attract similar sanctions.
The Compliance Notice, signed by GoldBod’s Chief Executive Officer, Samuel Gyamfi, reinforced the regulator’s commitment to enforcing laws, safeguarding fair trading practices, and maintaining a well-regulated gold sector.
Below is the statement
