The Ghana Gold Board Bill 2025 aims to establish a regulatory board for gold trading in Ghana. It seeks to enhance traceability, support small-scale miners, and generate foreign exchange, with a focus on obtaining LBMA certification. The bill has been referred to finance and natural resources committees for review.
The Ghana Gold Board Bill 2025 has been introduced in Parliament, aiming to create a regulatory body for gold trading in Ghana. This board is expected to oversee the buying, selling, and exporting of gold, enhancing the generation of foreign exchange for the nation.
The government highlights that the board will significantly formalize gold transactions in the small-scale mining sector. Key objectives include improving traceability of gold and facilitating the acquisition of certification from the London Bullion Market Association (LBMA).
After its introduction, the bill was referred by First Deputy Speaker Bernard Ahiafor to the Finance and Lands and Natural Resources Committees for a comprehensive review and subsequent reporting. 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.”
The introduction of the Ghana Gold Board Bill 2025 marks a significant development in regulating the gold sector, with a focus on formalizing trading practices and enhancing traceability. The referral to relevant committees for further analysis indicates the government’s commitment to thorough legislative processes in strengthening the small-scale mining industry within Ghana’s economy.
Original Source: citinewsroom.com
