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GoldBod begins licensing of service providers in gold trading sector

by The Sikaman Times
April 23, 2025

Ag. CEO of the Ghana Gold Board, Sammy Gyamfi

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The Ghana Gold Board (GoldBod) has officially commenced the licensing of Service Providers within the country’s gold trading sector, with the process taking effect today, Wednesday, April 23, 2025.

In a press statement, GoldBod announced that Ghanaians aged 18 and above, as well as wholly-owned Ghanaian companies, are eligible to apply for licenses either through the official website, www.goldbod.gov.gh, or at the Licensing Office in Accra.

The licenses currently available for application include:

  • Aggregator License

  • Self-financing Aggregator License

  • Buyer License (Tier 2)

  • Buyer License (Tier 1)

GoldBod noted that additional licenses — including Refining, Smelting, Fabrication, Storage, Transportation, and Importation — will be available starting July 2025.

“An applicant must carefully read, understand and accept the Terms and Conditions of a license before proceeding to apply for same,” the statement emphasized.

The Board also reaffirmed its directive for all foreign nationals involved in local gold trading to exit the market by April 30, 2025.

This move, it said, is in accordance with the Ghana GoldBod Act, 2025 (Act 1140), which makes non-compliance a punishable offense.

In another key directive, GoldBod urged all licensed gold traders to conduct transactions based on the official Bank of Ghana (BOG) Reference Rate, which is published at www.bog.gov.gh.

“The GoldBod looks forward to working with all stakeholders to restructure and streamline the gold trading sector to optimize national benefits.”

“We count on the full cooperation of the public and shall continue to prioritize your feedback,” the statement said.

For further information on licensing procedures, mandates, or inquiries, the public is encouraged to visit www.goldbod.gov.gh.

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