“Ghana Gold Board Enforces New Licensing Regime for Gold Trading”
"Ghana Gold Board Enforces New Licensing Regime for Gold Trading"
“Ghana Gold Board Enforces New Licensing Regime for Gold Trading”
The Ghana Gold Board (GoldBod) has announced the enforcement of its new licensing regime for gold trading in Ghana, effective immediately. According to the CEO of GoldBod, Sammy Gyamfi, the new regime is aimed at streamlining and structuring gold trading in the country to optimize national benefits from the entire value chain of gold resources.
The Ghana Gold Board Act, 2025 (Act 1140), was passed by Parliament on March 29, 2025, and assented to by the President on April 2, 2025. The law revokes all previous licenses issued by the Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources, and requires all individuals and companies engaged in gold trading to obtain a new license from the Ghana Gold Board.
The deadline for applying for the new license was June 21, 2025, and the Board has stated that it will not extend this deadline further. However, individuals and companies can still apply for a license, and the Board will consider applications in a fair and transparent manner.
According to the CEO, any person who buys or trades gold without a valid license from the Ghana Gold Board will be committing a serious offense, punishable under Section 63 of Act 1140. The Board is urging all stakeholders to comply with the new licensing regime to avoid any legal consequences.
The Ghana Gold Board’s new licensing regime is part of the government’s efforts to harness the country’s gold resources for the benefit of all Ghanaians. The Board is committed to ensuring that the gold sector contributes significantly to the country’s economic development and growth.
Story by Fada Amakye from Daily Sun online
