In a ceremony held on the Ministry of Finance, the Gold Board Tribunal was formally inaugurated, with the swearing-in of its first management by Finance Minister Dr Ato Forson.
The ad-hoc tribunal, established below the Ghana Gold Board Act, 2025, is tasked with dealing with appeals associated to the selections of the Ghana Gold Board (GoldBod), together with licensing and the Dispute Decision Committee.
Chairperson Biadala Mortey Akpadzi and two tribunal members—Hamidu Mariam and Justin Pwavra Teriwajah—took oaths of workplace in a proper order that underscored the tribunal’s function as an impartial appellate physique with the identical binding weight as a Excessive Court docket judgment. Appeals from the tribunal can progress to the Court docket of Attraction.
Addressing attendees, Dr Forson emphasised the significance of transparency and due course of within the gold sector, noting that the tribunal would play a essential function in balancing regulatory oversight with honest remedy for gamers within the mining and minerals business.
He urged the brand new staff to uphold integrity, impartiality, {and professional} requirements as they start their mandate.
Background and mandate
The Gold Board Tribunal is an ad-hoc, non-permanent physique convened as wanted to overview appeals associated to GoldBod selections, together with licensing determinations and issues introduced earlier than the Dispute Decision Committee.
Its composition displays important experience in legislation and gold business observe: a chairperson with authorized or substantial gold business expertise and two members with related experience in minerals and mining legislation or commerce.
Key options of the tribunal embrace
- Goal: Function the appeals physique for GoldBod selections and licensing-related points.
- Composition: An appointed chairperson and two members, activated on an as-needed foundation.
- Perform: Present a good, clear overview course of for affected events.
- Authority: Tribunal selections are legally binding and equal to Excessive Court docket judgments, with appellate avenues to the Court docket of Attraction.
- Institution: Created by the Ghana Gold Board Act, 2025, which additionally defines the construction and powers.
Names of the inaugural management
- Chairperson: Biadala Mortey Akpadzi
- Member: Hamidu Mariam
- Member: Justin Pwavra Teriwajah
Business observers say the tribunal’s setup goals to streamline dispute decision within the gold sector whereas reinforcing Ghana’s dedication to credible and predictable regulatory governance.
The official launch marks a milestone within the modernization of oversight mechanisms for gold licensing and dispute decision, signaling a transfer towards standardized, high-quality adjudication within the gold buying and selling sector.
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