GoldBod Extends Deadline for Transition to New Gold Trading License Regime
The Ghana Gold Board (GoldBod) has announced an extension of the deadline for compliance with its new gold trading licence regime, shifting the date from May 21, 2025, to June 21, 2025. The decision follows multiple petitions from stakeholders within the gold trade industry.
In a statement issued by GoldBod’s Media Relations Officer, Mr. Priince Kwame Minkah, the regulatory body clarified that holders of gold trading licences previously issued by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources may continue to operate under those licences until the new deadline.
However, GoldBod emphasized that after June 21, 2025, only individuals and entities holding valid GoldBod-issued licences will be legally permitted to purchase, sell, or engage in any form of gold trading in Ghana. Use of licences issued by the former PMMC or the Ministry of Lands and Natural Resources will be strictly prohibited beyond this deadline.
Any breach of this directive, the statement warned, will constitute a criminal offense under the Ghana Gold Board Act, 2025 (Act 1140), and will be subject to prosecution.
Significantly, the export function of all gold trading licences issued by the Ministry of Lands and Natural Resources ceased to be valid effective May 22, 2025. Going forward, only GoldBod, as a corporate body, is authorized to export gold produced by the small-scale mining sector.
GoldBod is encouraging all individuals and companies interested in continuing to trade or deal in gold to apply for a GoldBod licence through its official website: www.goldbod.gov.gh.
While the application process remains open beyond the June 21 deadline, the authority made it clear that no person or business without a GoldBod licence will be permitted to operate within the gold trading space in Ghana after this date.
GoldBod reaffirmed its commitment to enhancing transparency, accountability, and national benefit in Ghana’s gold industry. The Board further noted that these reforms align with the broader vision of President John Dramani Mahama to optimize returns from the country’s mineral wealth for sustainable national development.
Source: Felix Nyaaba/expressnewsghana.com
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