GoldBod Suspends Licence of Dominic Bonsu Ventures, Court Issues Bench Warrant for Proprietor

The Ghana Gold Board has suspended the gold trading licence of Dominic Bonsu Ventures with immediate effect over alleged breaches of regulatory requirements.

In a Compliance Notice issued by the Compliance Directorate, GoldBod said the action followed a determination that the company had breached the terms and conditions of its licence as well as Trading Directives issued by the Board, contrary to the Ghana Gold Board Act, 2025 (Act 1140).

The Board stated that it is currently seeking the proprietor of Dominic Bonsu Ventures in connection with ongoing enforcement proceedings.

Pursuant to an application by GoldBod, the High Court in Accra has issued a Bench Warrant for the arrest of the proprietor to facilitate the enforcement process and related criminal proceedings. GoldBod said it is working closely with appropriate law enforcement agencies to execute the warrant.

As a result, Dominic Bonsu Ventures is prohibited from engaging in the purchase, sale, aggregation, transportation or any other transaction involving gold with immediate effect.

GoldBod has directed all licensed buyers, aggregators, self-financing aggregators and miners to cease all trading, commercial dealings, or other business engagements with Dominic Bonsu Ventures relating to gold transactions until further notice.

The Board warned that any person or entity found facilitating, assisting, or engaging in gold transactions with the company during the suspension period shall be liable to appropriate enforcement and regulatory measures under Act 1140.

GoldBod reiterated its commitment to ensuring strict compliance with the laws, licence conditions, and trading directives governing Ghana’s gold trading sector, and said it will continue to take decisive enforcement action against all persons and entities that undermine the integrity, transparency, and orderly operation of the industry.

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