The Ghana Gold Board (GoldBod) has prolonged the deadline for transitioning to its new gold buying and selling licence regime from Might 21 to June 21, 2025.
An announcement issued by the GoldBod in Accra yesterday mentioned the choice adopted it described as “a number of petitions from stakeholders” requesting further time to adjust to the brand new regulatory framework.
“Consequently, people and companies at present holding licences issued by the now-defunct Valuable Minerals Marketing Firm (PMMC) and the Ministry of Lands and Pure Assets could proceed buying and selling in gold till the brand new deadline. Nonetheless, GoldBod pressured that this can be a one-time, non-extendable extension,” the assertion mentioned.
“It should be emphasised that regardless that an individual could apply for a GoldBod licence past the brand new non-extendable deadline of June 21, 2025, solely holders of a GoldBod licence will probably be allowed to buy, promote or deal in gold after this date,” the assertion mentioned.
It warned that using licences issued by the defunct entities can be strictly prohibited past the brand new deadline and that violations would represent a punishable offence underneath the Ghana Gold Board Act, 2025 (Act 1140).
In a major replace, GoldBod additional introduced that, efficient Thursday, Might 22, 2025, the export operate hooked up to licences beforehand issued by the Ministry of Lands and Pure Assets would stop to be legitimate.
“Accordingly, no individual aside from GoldBod as a company entity can export small-scale gold from Ghana, efficient immediately,” the assertion added.
This transfer, it mentioned was aimed toward tightening regulatory oversight and streamlining gold exports underneath one institutional authority.
The GoldBod urged all these excited about dealing in gold to use for a licence via its official web site
BY TIMES REPORTER
