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Goldbod announces crackdown on unlicensed jewelry manufacturers, refineries

by The Sikaman Times
January 29, 2026
GOLDBOD denies claims of GHC3bn loss in first year
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The Ghana Gold Board (GoldBod) has issued a final warning to jewelry manufacturers, fabricators, and gold refineries operating without valid authorization, announcing that a specialized team of inspectors will be deployed across the country starting Monday, February 2, 2026.

In an official Compliance Notice (No. GOLDBOD/2026/01) released today (January 26), the regulatory body expressed concern that several entities continue to operate outside the legal framework. The move follows a previous directive issued on October 22, 2025, which required all existing operators to regularize their businesses by the end of last year.

The Board emphasized that gold-related business activities are strictly regulated under national law. According to the notice, the grace period for regularization ended on December 31, 2025.

“The GoldBod reminds the general public that only duly licensed persons are authorised to engage in gold trading, jewellery manufacturing, gold fabrication and gold refining businesses in Ghana,” the statement read. 

“Engaging in these activities without a valid GoldBod licence constitutes an offence and [is] punishable under Act 1140,” it added.

Starting next week, GoldBod Inspectors will be on the ground to verify the credentials of all operators in the sector. The board stated that the primary objective of these inspections is to ensure that only licensed entities are participating in the industry to maintain standards and transparency.

“In the light of the above, a team of GoldBod Inspectors would be deployed from Monday, February 2, 2026 to ensure that only duly licensed persons engage in jewellery manufacturing, gold fabrication and gold refining businesses in Ghana,” the notice, signed by Chief Executive Officer Samuel Gyamfi, confirmed.

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