The Ghana Gold Board (GoldBod) has officially extended the deadline for transitioning to its new gold trading license regime from May 21 to June 21, 2025. Apexnewsgh reports
This decision follows multiple petitions from stakeholders within the gold trading industry, who requested more time to comply with the new regulations.
Under the revised directive, all persons currently holding licenses previously issued by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources are permitted to continue purchasing and dealing in gold using those licenses until the new deadline. However, GoldBod has made it clear that this grace period is final and non-extendable.
After June 21, 2025, only holders of a GoldBod license will be allowed to purchase, sell, or deal in gold. The use of licenses issued by the defunct PMMC or the Ministry of Lands and Natural Resources will be prohibited beyond this date. A breach of this directive will constitute a punishable offense under the Ghana Gold Board Act, 2025 (Act 1140).
Effective immediately, the export function tied to old licenses has been revoked. Only GoldBod, as a corporate entity, retains the authority to export small-scale gold from Ghana. This marks a significant shift in gold export control, centralizing the process under a single regulatory body.
GoldBod encourages all prospective traders and dealers to begin or complete their license applications via its official website. While the application process remains open beyond the June 21 deadline, the agency reiterated that no trading or dealing in gold will be allowed without a valid GoldBod license after that date.
GoldBod calls for continued cooperation from all stakeholders and members of the public as it implements these regulatory reforms aimed at ensuring transparency, accountability, and national interest in the gold sector.
Source: Apexnewsgh.com
