The Ghana Gold Board (GoldBod) has presented GH¢12,645,862.48 to the Narcotics Control Commission (NACOC), representing 50 percent of the proceeds from the sale of 17 gold bars seized from illicit gold traders in 2025.
Speaking at the presentation ceremony on Wednesday, July 15, 2026, the Chief Executive Officer of GoldBod, Sammy Gyamfi, explained that the payment was made in accordance with the Board’s policy of rewarding individuals and institutions that provide credible intelligence leading to the arrest of illegal gold traders and the recovery of unlawfully traded gold.
According to Mr. Gyamfi, although GoldBod’s policy entitles an informant whose intelligence leads to a successful operation to 10 percent of the value of recovered gold,the Board however expanded the incentive framework beyond informants to recognise officers and institutions involved in enforcement operations hence consequently giving an an additional 20 percent reward for officers and NACOC, as the institution that deployed its personnel, logistics, and operational resources for the successful operation.
The combined allocation brings NACOC’s total reward to 50 percent of the proceeds realised from the seized gold. Sammy Gyamfi also revealed that following assay and valuation, the 17 gold bars were valued at around GH¢25 million, resulting in a reward of GH¢12,645,862.48 for NACOC.
Receiving the cheque on behalf of the Commission, Director-General of NACOC, Major General Maxwell Obuba Mantey, reaffirmed NACOC’s readiness to continue collaborating with GoldBod and other state institutions to combat illicit activities that deprive the country of much-needed revenue.
According to Goldbod,this incentive scheme reflects its determination to encourage intelligence sharing and deepen collaboration with state security institutions in combating illicit gold trading, smuggling and other offences within the gold value chain.
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