A 36-year-old man, Christian Gyamfi, has been arrested by the police in connection with a suspected GH₵1.1 million fake gold scam in the Berekum area of Ghana’s Bono Region.
Gyamfi was arrested on Thursday, August 20, 2026, at his hideout in Wamfie in the Dormaa East District following an intelligence-led police operation.
According to a statement issued on August 21 and signed by the Bono Regional Police Public Relations Officer, Chief Inspector Thomas Akeelah, the case was reported by a 29-year-old gold aggregator, Christopher Awuni.
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Police said Awuni reported that four men, who allegedly posed as legitimate gold sellers, sold him 110 troy ounces of gold for GH₵1.1 million in July.
The buyer subsequently subjected the gold to testing, which reportedly revealed that the gold was fake.
The suspected fake gold has since been retained by the police as an exhibit as investigations continue.
During interrogation, Christian Gyamfi allegedly admitted involvement in the transaction and told investigators that the deal was concluded at Drobo in the Jaman South Municipality.
Police said Gyamfi also identified three alleged accomplices as Abraham, alias French Man, who is believed to be the leader of the group, Isaac Antwi, and Balthazar.
The three suspects are currently at large, with the police intensifying efforts to locate and arrest them.
Preliminary investigations have also revealed that the group allegedly defrauded another victim of GH₵1.4 million in a separate gold transaction at Drobo earlier this year.
The latest development has raised concerns about the growing risks associated with fraudulent gold transactions, particularly for individuals and businesses dealing in the precious metal.
Christian Gyamfi remains in police custody and is assisting with investigations while efforts continue to apprehend the other suspects.
The Ghana Police Service has cautioned members of the public to exercise extreme caution when engaging in gold transactions.
The police urged prospective buyers to properly verify gold and the credentials of sellers before committing funds and to report suspicious activities to the nearest police station.
The investigation remains ongoing, and the police are expected to pursue the outstanding suspects as they work to establish the full circumstances surrounding the alleged fake gold scam.