Sammy Gyamfi, Acting Chief Executive Officer of the Ghana Gold Board
The Ghana Gold Board (GoldBod) has extended the deadline for Ghanaian gold dealers holding licences issued by the former Precious Minerals Marketing Company (PMMC) or the Ministry of Lands and Natural Resources to reapply under the new licensing regime. The new deadline is now May 21, 2025.
Speaking at a press briefing on Wednesday, April 30, the Acting Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, stated:
“We gave all PMMC licence holders and holders of licences issued by the minister responsible for mines an ultimatum which elapses today, 30th April, to apply for new licences under the Ghana Gold Board Act.
But we know that most of you have not been able to apply at all. We can also see from the back end of our website and the licence application portal that some of you have started the process of applying but have not yet completed it.”
He noted that while a few applicants have completed their submissions, the Board wants to ensure fairness by granting an additional three weeks to accommodate the rest.
“We’ve decided to extend the timeframe for you to apply for a new Gold Board licence. That window is from today, 30th April 2025, to 21st May 2025. We believe this is fair, and this period should be adequate for anyone serious and desirous of acquiring a Gold Board licence to do so.”
Under the new Ghana Gold Board Act, all previous gold trading licences have been rendered invalid. Mr. Gyamfi urged all those wishing to remain in the gold trade to apply immediately through the official portal.
“Let me indicate again that if you want a licence, you must go to the website of the Gold Board, which is goldbod.gov.gh — and that’s G-O-L-D-B-O-D, not B-O-A-R-D. Make sure you read the requirements and terms and conditions of the licence before you begin the process.”
Applicants are required to pay a fee, create an account, and complete the application forms accurately. Mr. Gyamfi warned that errors or omissions could result in disqualification.
“If you make serious omissions or errors in the application, it will go against you in the decision the Gold Board will make on that application.”
He concluded with a firm warning: there will be no further extension beyond the new deadline.
“This new deadline of 21st May 2025 is final. It will not be extended. By the 21st of this month, only persons who have been granted licences by the Gold Board will be tolerated in the gold trading sector.
If you are a Ghanaian and you hold a licence under PMMC or the Ministry and you fail to apply for a new licence before the 21st, you will be committing a punishable criminal offence if caught trading in gold after that date.”