The Ghana Gold Board has announced the commencement of the renewal process for gold trading licences across the country.
The exercise began on Monday, May 25, and applies to all licence holders whose permits are due to expire within the next three months.
The agency said all applications for renewal must be submitted through its official online licensing portal as part of efforts to streamline the process and ensure compliance within the gold trading sector.
“The Ghana Gold Board (“GoldBod”) wishes to inform all holders of GoldBod Buying Licence whose current licences are due to expire within the next three (3) months that the licence renewal process will commence on Monday, 25 May 2026,” parts of the statement issued by the GoldBod said.
The Board further explained that applicants will be assessed based on specific eligibility requirements, including minimum trading volume thresholds within the last 12 months.
Under the new conditions, T1 licence holders are required to record a minimum trading volume of two kilograms of gold, while T2 licence holders must trade at least five kilograms.
Self-finance aggregator licence holders are also expected to achieve a minimum trading volume of one metric tonne within the same period.
“In addition to the above, applicants must have remained in full compliance with the terms and conditions of their existing licences and must not have been in breach of any applicable regulatory or licensing obligations,” the statement noted.
The GoldBod noted that licence holders who successfully submit their renewal applications and pay the required fees may continue trading while their applications are being reviewed.
It also indicated that additional documents or information may be requested where necessary during the assessment process.
The Board has therefore urged all licence holders to comply with the directives and ensure timely renewal of their licences to avoid disruptions in their operations.
