The Ghana Gold Board (GoldBod) has suspended the gold trading licence of Dominic Bonsu Ventures with immediate effect, following alleged breaches of its licence conditions and trading directives.
In a statement, GoldBod said the company was found to have acted contrary to the provisions of the Ghana Gold Board Act, 2025 (Act 1140). The Board did not disclose specific details of the alleged breaches.
GoldBod also disclosed that it is seeking the proprietor of Dominic Bonsu Ventures in connection with ongoing proceedings. It said the High Court in Accra, following an application by the Board, has issued a bench warrant for the proprietor’s arrest to facilitate enforcement action and related criminal proceedings.
The Board said it is working closely with the relevant law enforcement agencies to execute the warrant.
With the suspension taking immediate effect, Dominic Bonsu Ventures has been prohibited from engaging in the purchase, sale, aggregation, transportation or any other transaction involving gold until further notice.
GoldBod has consequently directed all licensed buyers, aggregators, self-financing aggregators, miners and other stakeholders in the gold trading sector to cease all trading, commercial transactions and business engagements involving gold with Dominic Bonsu Ventures.
The Board warned that any person or entity found facilitating, assisting or engaging in gold transactions with the suspended company during the period of suspension could face appropriate enforcement and regulatory action under the Ghana Gold Board Act.
GoldBod reaffirmed its commitment to enforcing compliance with the laws, licence conditions and trading directives governing Ghana’s gold sector, stressing that it will continue to take decisive action against individuals and entities whose activities undermine the integrity, transparency and orderly operation of the gold trading industry.
Story by Freedom Etsey Lavoe
