The Ghana Gold Board Bill 2025 has been presented in Parliament to create a regulatory authority for gold trading, focusing on improving traceability, securing LBMA certification, and boosting foreign exchange. The bill has been referred to relevant committees for further evaluation.
The Ghana Gold Board Bill 2025 has been introduced to the Parliament of Ghana, aiming to establish a regulatory framework for the buying, selling, and exporting of gold. This initiative seeks to enhance the generation of foreign exchange for the nation while improving the management of gold trading, particularly within the small-scale mining sector.
The government’s proposal emphasizes the importance of this board in formalizing gold trading, enhancing traceability, and pursuing London Bullion Market Association (LBMA) certification. Following its introduction, First Deputy Speaker Bernard Ahiafor has referred the bill to the Finance and Lands and Natural Resources Committees for thorough review and recommendations.
In announcing the referral, First Deputy Speaker Ahiafor 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 presentation of the Ghana Gold Board Bill 2025 marks a significant step toward enhancing the regulation of gold trading in Ghana. By formalizing the small-scale mining sector and striving for LBMA certification, the bill is positioned to improve traceability and foreign exchange generation. The collaborative efforts of the Finance and Lands and Natural Resources Committees will be crucial in refining this legislative proposal.
Original Source: citinewsroom.com
