The Ghana Gold Board Bill 2025 has been submitted to Parliament to establish regulatory oversight of gold trade, enhance transparency, and formalize small-scale mining operations. It aims to strengthen foreign exchange reserves and pursue LBMA certification. The bill is currently under review by specific committees.
The Ghana Gold Board Bill 2025 has been submitted to Parliament, proposing the establishment of a regulatory authority dedicated to supervising gold acquisition, distribution, and export in the country. This proposed legislation aims to strengthen Ghana’s foreign exchange reserves through enhanced management of the gold trade while promoting transparency in financial transactions.
Additionally, the bill aims to formalize small-scale mining operations by improving traceability and reinforcing Ghana’s pursuit of London Bullion Market Association (LBMA) certification. Upon its introduction, the First Deputy Speaker, Bernard Ahiafor, referred the bill to the Finance and Lands and Natural Resources Committees, where it will undergo further analysis and recommendations.
In his opening remarks, Mr. 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.” If the bill is passed, it will establish a structured framework for regulating gold trade, ensuring compliance, and effectively maximizing the sector’s economic contribution to Ghana.
The Ghana Gold Board Bill 2025 aims to enhance oversight and transparency in gold trade, formalize small-scale mining, and contribute to the nation’s economic growth. Its referral to specialized committees indicates a thorough examination process ahead, with the potential for significant impacts on the sector if passed.
Original Source: www.ghanaweb.com
