The Ghana Gold Board (GoldBod) has suspended the licence of Evanex Gold Enterprise, a licensed Tier 2 gold buyer, with immediate effect.
The regulator said the decision follows investigative findings that the company engaged in illegal gold pricing practices, violating the terms and conditions of its licence.
In a statement issued Thursday, August 28, GoldBod directed all licensed traders, miners, and the general public to desist from any gold transactions with the firm.
It explained that the suspension forms part of ongoing efforts to sanitise the gold trading sector and uphold industry standards.
“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 the seriousness of the violations, warning that further breaches by operators in the sector would attract similar sanctions.
The regulator reaffirmed its commitment to accountability and transparency in managing Ghana’s gold sector, assuring stakeholders of strict enforcement to ensure a fair and credible gold trading environment.
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