The Ghana Gold Board Bill 2025 aims to create a regulatory body for gold trade oversight, enhance transparency, and facilitate LBMA certification. It is currently under review by parliamentary committees following its introduction by First Deputy Speaker Bernard Ahiafor.
The Ghana Gold Board Bill 2025 has been submitted to Parliament, intending to create a regulatory authority responsible for managing the acquisition, distribution, and export of gold in Ghana. This legislation aims to fortify foreign exchange reserves by enhancing gold trade management and ensuring transparency in transactions. Furthermore, it seeks to formalize small-scale mining by improving traceability and positioning Ghana for London Bullion Market Association (LBMA) certification.
Upon its introduction, First Deputy Speaker Bernard Ahiafor referred the bill to the Finance and Lands and Natural Resources Committees for detailed examination 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 establish a structured regulatory framework for gold trade in Ghana, promoting compliance and maximizing the sector’s economic contribution to the country.
The Ghana Gold Board Bill 2025 represents a significant step towards establishing a regulatory framework for gold trade in Ghana. By enhancing transparency, supporting small-scale mining, and aiming for LBMA certification, the bill could strengthen the economy and foreign exchange reserves. Its referral to parliamentary committees is a crucial step for further analysis and recommendations.
Original Source: www.ghanaweb.com
