Ghana’s Parliament is set to pass the much-anticipated Ghana Gold Board Bill 2025 into law today before it goes on Easter break, barring any last-minute hurdles.
The bill, aimed at streamlining the gold industry, seeks to enhance transparency, improve traceability, and maximize foreign exchange earnings from Ghana’s gold sector.
Once passed, it will establish the Ghana Gold Board (GOLDBOD), a regulatory body to oversee the buying, selling, and export of gold in the country.
Sammy Gyamfi, Managing Director of the Precious Minerals Marketing Company (PMMC), expressed optimism about the bill’s passage.
Speaking to Joy News, he highlighted the extensive consultations and amendments made to ensure its effectiveness.
“We have made more than 40 amendments to the bill and relayed it in Parliament, with the old version withdrawn. From the indications I am getting, the bill will be passed before Parliament breaks for Easter,” he stated.
Gyamfi also commended the Finance Committee of Parliament for its role in refining the legislation, emphasizing that the amendments reflect a strong commitment to improving Ghana’s gold governance framework.
If passed, the GOLDBOD Bill is expected to reshape the gold sector, ensuring greater efficiency and accountability in one of Ghana’s most crucial industries.