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Story by Paul Mensah Nsor
The Ghana Gold Board (GoldBod) has announced the enforcement of its new licensing regime for gold trading in Ghana, effective immediately.
According to CEO Sammy Gyamfi, the regime aims to streamline and structure gold trading to optimize national benefits from the entire value chain of gold resources.¹
The Ghana Gold Board Act, 2025 (Act 1140), passed by Parliament on March 29, 2025, and assented to by the President on April 2, 2025, revokes all previous licenses issued by the Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources.
All individuals and companies engaged in gold trading must obtain a new license from the Ghana Gold Board. The deadline for applying was June 21, 2025, and the Board will not extend this deadline further.
Any person buying or trading gold without a valid license will commit a serious offense, punishable under Section 63 of Act 1140.
The Board urges all stakeholders to comply with the new licensing regime to avoid legal consequences.Although the deadline has passed, individuals and companies can still apply for a license, and the Board will consider applications fairly and transparently.
The new licensing regime is part of the government's efforts to harness Ghana's gold resources for the benefit of all Ghanaians.The Ghana Gold Board is committed to ensuring the gold sector contributes significantly to the country's economic development and growth.