The Ghana Gold Board (GoldBod) has officially commenced the licensing of service providers
The Ghana Gold Board (GoldBod) has officially commenced the licensing of service providers in the gold trading sector, marking a major step in its mandate to restructure and regulate the industry.
Effective Wednesday, April 23, 2025, Ghanaians aged 18 and above, as well as fully-owned Ghanaian companies, are eligible to apply for licenses either through GoldBod’s official website (http://goldbod.gov.gh) or in person at the Board’s main office in Accra.
The categories of licenses currently open for application include:
• Aggregator License
• Self-financing Aggregator License
• Buyer License (Tier 1)
• Buyer License (Tier 2)
According to the GoldBod, additional license categories, including Refining, Smelting, Fabrication, Storage, Transportation, and Importation, will become available starting July 2025.
Applicants are required to carefully read and agree to the licensing Terms and Conditions before submission. Detailed information on GoldBod’s operations, policies, and licensing process can be found on the agency’s website.
In a statement issued by the Media Relations Officer, Prince Kwame Minkah, the GoldBod reiterated its earlier directive for all foreign entities to exit the local gold trading market by April 30, 2025.
It pointed out that any breach of this directive will be treated as an offense under the Ghana GoldBod Act, 2025 (Act 1140). However, foreign entities may apply to the Board to off-take gold directly from GoldBod.
The agency also reinforced its directive that all gold trades within Ghana must adhere strictly to the official Bank of Ghana (BoG) Reference Rate, published regularly on the BoG website (http://bog.gov.gh).
“The GoldBod in line with its mandate to oversee and regulate the gold trading sector, reiterates its earlier directive for all gold traders to buy and/or sell gold at the official Bank of Ghana (BoG) Reference Rate published on http://bog.gov.gh,” it noted.
GoldBod also emphasised its commitment to fostering transparency, efficiency, and national benefit within the gold trading sector and called for full public cooperation throughout the implementation of its regulatory framework.
See the full statement below
MA
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