The Chamber of Licensed Gold Buyers (CLGB) has commended the Ghana Gold Board (GOLDBOD) for its decision to extend the deadline for transitioning to the new gold trading license regime.
The move follows widespread appeals from stakeholders across the gold trading value chain and is seen as a significant step toward inclusive governance and regulatory clarity in Ghana’s mineral sector.
The extension allows current license holders—those previously licensed by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources—to continue operations under the existing licensing framework until June 21, 2025, a month beyond the initial deadline of May 21.
“This extension reflects the Board’s willingness to collaborate with stakeholders and its dedication to ensuring an inclusive and smooth transition process,” said Mr. Kwaku Amoah, CEO of the CLGB. “It fosters industry-wide confidence and paves the way for a more structured, transparent, and robust gold trading ecosystem.”
According to the CLGB, the GOLDBOD’s decision underscores its commitment to participatory governance and the sustainable development of Ghana’s gold trading sector. The Chamber views the extension not merely as a logistical reprieve, but as a strategic opportunity for traders to align with new regulatory expectations without disrupting their operations.
The CLGB is urging all license holders to take full advantage of the extension to regularize their operations and ensure full compliance with the new licensing requirements. The Chamber also reaffirmed its readiness to collaborate with GOLDBOD and other stakeholders to uphold ethical, legal, and transparent practices within the industry.
The gold sector remains one of Ghana’s most vital economic contributors, and the regulatory update aims to enhance oversight, increase transparency, and combat illicit trade.