Effective May 1, 2025, it will be a criminal offence to purchase or deal in gold in Ghana without a valid licence from the Ghana Gold Board (GoldBod).
A statement issued by the GoldBod disclosed this on Monday, April 14, 2025.
According to the GoldBod, all gold transactions in the local market must now be conducted in Ghana cedis, with prices calculated based on the Bank of Ghana Reference Rate published on the central bank’s official website.
This, the Board explained, is captured in the newly passed Ghana Gold Board Act (Act 1140), 2025. GoldBod emphasised that
“This is to ensure transparency, stability in pricing, and to reduce the risks of illicit foreign currency dealings in the artisanal and small-scale gold trade,” the Board said.
The Board also announced that new licensing applications—open to Ghanaians and fully Ghanaian-owned companies—will begin on April 22, 2025, through both online and in-person channels at GoldBod’s head office in Accra.
The Ghana Gold Board (GoldBod) is the sole authority with exclusive rights to buy, sell, weigh, grade, assay, value and export gold and other precious minerals in Ghana.
By: Rainbowradioonline.com/Ghana
