GoldBod Extends Gold Trading License Deadline

The Ghana Gold Board (GoldBod) has officially extended the deadline for transitioning to its new gold trading license regime from May 21 to June 21, 2025.

The announcement, made in a statement released on Thursday, May 22, and signed by Prince Kwame Minkah, Media Relations Officer of GoldBod, follows multiple petitions from stakeholders within the gold trading industry.

Under the revised directive, all persons currently holding licenses previously issued by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources are permitted to continue purchasing and dealing in gold using those licenses until the new deadline.

However, GoldBod has made it clear that this grace period is final and non-extendable.

“Only holders of a GoldBod license will be allowed to purchase, sell, or deal in gold after June 21, 2025. The use of licenses issued by the defunct PMMC or the Ministry of Lands and Natural Resources will be prohibited beyond this date. A breach of this directive will constitute a punishable offence under the Ghana Gold Board Act, 2025 (Act 1140).”

Despite the one-month extension for trading operations under old licenses, the export function tied to those licenses has been revoked effective immediately. As of May 22, only GoldBod, as a corporate entity, retains the authority to export small-scale gold from Ghana.

This marks a significant shift in gold export control, centralising the process under a single regulatory body.

GoldBod also encouraged all prospective traders and dealers to begin or complete their license applications via its official website, [www.goldbod.gov.gh](http://www.goldbod.gov.gh).

While the application process remains open beyond the June 21 deadline, the agency reiterated that no trading or dealing in gold will be allowed without a valid GoldBod license after that date.

GoldBod further called for continued cooperation from all stakeholders and members of the public as it implements these regulatory reforms aimed at ensuring transparency, accountability, and national interest in the gold sector.

 

 

 

 

 

 

 

 

 

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