The Ghana Gold Board (GoldBod) has suspended the licence of Evanex Gold Enterprise, a Tier 2 licensed gold buyer, with immediate effect.
The suspension, announced on Thursday, August 28, 2025, follows investigative findings that the company was engaged in illegal gold pricing, a violation of the terms and conditions of its licence.
In a compliance notice signed by the Compliance Directorate, GoldBod directed all licensed traders, miners, and the public to desist from engaging in any gold transactions with Evanex Gold Enterprise.
“Notice is hereby given to all licenced traders, miners, and the public to desist from trading and/or engaging in any form of gold transaction with Evanex Gold Enterprise forthwith,” the statement read.
GoldBod reiterated its commitment to ensuring accountability and transparency in Ghana’s gold trading sector, stressing that the suspension forms part of ongoing efforts to curb malpractice in the industry.
It further assured that regulatory enforcement will remain central to protecting the integrity of the gold market and ensuring strict compliance with established standards.
