{"id":20103,"date":"2025-03-29T13:50:11","date_gmt":"2025-03-29T13:50:11","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=20103"},"modified":"2025-03-29T13:50:11","modified_gmt":"2025-03-29T13:50:11","slug":"parliament-passes-groundbreaking-goldbod-bill-into-law","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=20103","title":{"rendered":"Parliament Passes Groundbreaking GoldBod Bill into Law"},"content":{"rendered":"<p><strong>In a landmark move, Ghana&#8217;s Parliament has passed the GoldBod Bill 2025 into law, paving the way for the formalization and regulation of small-scale mining in the country. <\/strong><\/p>\n<p>The bill establishes the Ghana GoldBod, which will oversee, monitor, and regulate the buying, selling, and export of gold and other precious minerals.<\/p>\n<p>The GoldBod will play a crucial role in promoting responsible mining practices, building gold reserves within the Central Bank, and generating revenue to stabilize the cedi.<\/p>\n<p>Additionally, it will regulate gold trading, enhance traceability, and work towards obtaining certification from the London Bullion Market Association (LBMA).<\/p>\n<p>While the Majority Leader, Mahama Ayariga, hailed the bill as a landmark piece of legislation, the Minority in Parliament expressed concerns that it could lead to an increase in illegal mining, known as &#8220;galamsey.&#8221;<\/p>\n<figure id=\"attachment_8780\" aria-describedby=\"caption-attachment-8780\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-8780\" src=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/10\/307126648_106253245582218_3315311043634865735_n.jpg\" alt=\"\" width=\"720\" height=\"509\" srcset=\"https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/10\/307126648_106253245582218_3315311043634865735_n.jpg 720w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/10\/307126648_106253245582218_3315311043634865735_n-600x424.jpg 600w, https:\/\/expressnewsghana.com\/wp-content\/uploads\/2022\/10\/307126648_106253245582218_3315311043634865735_n-300x212.jpg 300w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><figcaption id=\"caption-attachment-8780\" class=\"wp-caption-text\"><em><strong>SAMMY GYAMFI<\/strong><\/em><\/figcaption><\/figure>\n<p>Despite their objections, the bill was passed, with the First Deputy Speaker of Parliament, Bernard Ahiafor, declaring, &#8220;The Ayes have it, the motion is accordingly adopted.&#8221;<\/p>\n<p>The creation of the Ghana GoldBod is a key promise in the National Democratic Congress (NDC) 2024 manifesto, aimed at regulating and marketing the country&#8217;s gold resources for national benefit.<\/p>\n<p>President John Dramani Mahama initiated the creation of the GoldBod as part of his efforts to revitalize the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a landmark move, Ghana&#8217;s Parliament has passed the GoldBod Bill 2025 into law, paving the way for the formalization and regulation of small-scale mining [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[4254],"class_list":["post-20103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-goldbod-pass-bill"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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