Sammy Gyamfi is the CEO of GoldBod
The Ghana Gold Board (GoldBod) has extended the deadline for the transition to the new gold trading license regime from May 21, 2025, to June 21, 2025.
The Board said the decision follows the consideration of several petitions from stakeholders.
With this extension, any person who holds a license issued by the defunct PMMC and/or the Ministry of Lands and Natural Resources can continue to purchase and deal in gold with the said licenses until June 21, 2025.
The statement, dated May 22, 2025, and sighted by GhanaWeb Business, said, “It must be emphasised that even though a person may apply for a GoldBod license beyond the new non-extendable deadline of 21st June, 2025, only holders of a GoldBod license will be allowed to purchase, sell or deal in gold after this date.”
After the deadline, it noted, the use of a license issued by the defunct PMMC and/or the Ministry of Lands and Natural Resources to deal in gold will be prohibited.
GoldBod therefore stated that any breach of this directive shall constitute a punishable offence under the Ghana Gold Board Act, 2025 (ACT 1140).
Despite the extension of the transition deadline, GoldBod clarified that all persons who hold a license to purchase and deal in gold, issued by the Ministry of Lands and Natural Resources, can no longer export gold, as the export function of their licenses ceased to be valid as of today, May 22, 2025.
“Accordingly, no person other than GoldBod as a corporate entity can export small-scale gold from Ghana, effective immediately. The GoldBod wishes to encourage all persons desirous of trading or dealing in gold in Ghana to apply for a license via www.goldbod.gov.gh,” it added.
The license application process, according to the Board, is ongoing and will continue even after the new non-extendable deadline of June 21, 2025, except that any person without a GoldBod license cannot trade or deal in gold in Ghana after this date.
“The GoldBod counts on the cooperation of all stakeholders and the general public as we work to optimise national benefits from Ghana’s gold resources in line with the vision of President John Dramani Mahama,” the statement concluded.
SSD/MA
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