President John Dramani Mahama has on Wednesday, April 2, 2025, officially signed the Ghana Goldbod Bill, 2025 into law, marking a significant milestone in the country’s efforts to regulate the gold sector.
This move is part of broader efforts to formalize the industry, enhance transparency, and stimulate economic growth. The Ghana Gold Board will play a central role in ensuring the traceability of gold, reducing illegal mining, and promoting sustainable practices.
Under the new law, the Gold Board will also serve as the exclusive buyer of gold from licensed small-scale miners through the GoldBod initiative, ensuring fair prices and better working conditions for miners.
The Ghana Gold Board Act is also a step toward more sustainable mining practices. The government states the importance of balancing economic growth with environmental protection, and the Gold Board will be at the forefront of promoting practices that minimize environmental damage.
With the Ghana Gold Board Act now in effect, the government is setting the stage for a transformative new chapter in the country’s gold sector.
Source: Ghana/StarrFM103.5FM/Benjamin Sackey
