The Ghana Gold Board (GoldBod) has officially commenced the renewal process for all gold trading licences, introducing strict minimum trading volume thresholds for applicants.
According to a public notice issued by the regulatory body, the exercise targets all buying licence holders whose current permits are due to expire within the next three months.
Eligible operators are required to submit their renewal applications exclusively through the official GoldBod online licensing portal.
To qualify for a renewal, operators must satisfy specific volume criteria based on their licence tier, calculated over the preceding twelve months.
Tier one (T1) licence holders must demonstrate a minimum trading volume of two kilograms, while tier two (T2) holders are required to meet a five-kilogram threshold.
Self-finance aggregators face a significantly higher baseline, requiring a minimum of one metric tonne within the same period.
In addition to volume metrics, the regulator stressed that applicants must have remained in full compliance with all terms, conditions, and regulatory obligations governing their current licences.
To prevent business disruptions, GoldBod clarified that licence holders who successfully submit their applications and clear the necessary renewal fees will be permitted to continue their trading operations while the board finalises its assessment.
The regulatory body retains the right to request extra documentation during this evaluation period, and has advised all operators to ensure timely compliance.
By: Rainbowradioonline.com/Ghana
