The Ghana Gold Board Bill 2025 aims to establish a regulatory authority for gold trade in Ghana, enhancing management, traceability, and transparency in transactions. The bill, referred to Parliamentary committees for review, seeks to improve foreign exchange reserves and support small-scale mining, potentially securing LBMA certification.
On March 20, 2025, Parliament received the Ghana Gold Board Bill 2025, which proposes the establishment of a regulatory body to supervise the acquisition, distribution, and export of gold in Ghana. This bill aims to enhance the management of gold trade, thereby strengthening the country’s foreign exchange reserves and promoting transaction transparency.
The legislation aims to formalize small-scale mining operations by improving the traceability of gold transactions. Additionally, it seeks to aid Ghana in achieving certification from the London Bullion Market Association (LBMA), further elevating the country’s standing in the global gold market.
Upon its introduction, First Deputy Speaker Bernard Ahiafor referred the bill to the Finance and Lands and Natural Resources Committees for comprehensive review and recommendations. He stated, “Honourable members, the Ghana Gold Board Bill 2025 is presented and read for the first time and accordingly referred to the Finance Committee for consideration and reports.”
If enacted, the bill will create a well-defined regulatory framework for gold trade in Ghana, ensuring compliance and optimizing the sector’s contributions to the nation’s economy.
The Ghana Gold Board Bill 2025 represents a significant step towards enhancing the regulatory landscape of the gold sector in Ghana. By focusing on transparency and formalization of small-scale mining, the bill seeks to strengthen the economy and align with international standards. Its passage could lead to better management of the gold trade and an increase in the sector’s contributions to national revenues.
Original Source: www.ghanaweb.com
