Parliament Set to Approve Gold Board Bill Today
Parliament is poised to pass the Ghana Gold Board Bill 2025 into law today, Friday, March 28, ahead of its Easter recess, in a move aimed at tightening oversight of the country’s gold industry.
The legislation seeks to enhance transparency, improve traceability, and boost foreign exchange earnings from gold, Ghana’s most valuable export.
Central to the bill is the establishment of the Ghana Gold Board (GOLDBOD), a regulatory body tasked with overseeing the purchase, sale, and export of gold.
Sammy Gyamfi, Managing Director of the Precious Minerals Marketing Company (PMMC), expressed confidence in the bill’s passage, citing extensive consultations and legislative revisions.
“More than 40 amendments have been made to the bill, and the previous version was withdrawn to incorporate these changes. From all indications, Parliament will pass it before the Easter break,” Mr Gyamfi.
The bill has drawn significant attention from industry stakeholders, with policymakers viewing it as a step towards strengthening regulatory oversight in a sector that has long grappled with issues of illicit trade and revenue leakages.
The Finance Committee of Parliament has played a key role in refining the bill, which, once enacted, is expected to formalize operations across the gold supply chain.
