The Ghana Gold Board Bill 2025 has been submitted to Parliament to establish a regulatory authority for gold trade in Ghana. The bill aims to boost foreign exchange reserves and enhance transparency in gold transactions. It will also regulate small-scale mining operations and assist in obtaining LBMA certification. If approved, it will provide a framework for compliance and economic maximization in the gold sector.
The Ghana Gold Board Bill 2025 has been submitted to Parliament, proposing the establishment of a regulatory body to manage the acquisition, distribution, and export of gold in Ghana. This legislative initiative aims to enhance foreign exchange reserves by improving gold trade management and promoting transparency in transactions. Furthermore, it seeks to formalize small-scale mining operations by enhancing traceability and assisting Ghana in achieving London Bullion Market Association (LBMA) certification.
As the bill was introduced, First Deputy Speaker Bernard Ahiafor referred it to the Finance and Lands and Natural Resources Committees for thorough examination and recommendations. He emphasized, “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 passed, the bill will create a structured regulatory framework for the gold trade, ensuring compliance and maximizing the sector’s economic contribution to Ghana. The implementation of this bill is anticipated to have significant positive implications for the country’s gold sector, aligning it with international standards.
In summary, the Ghana Gold Board Bill 2025 proposes a comprehensive regulatory framework for the gold trade in Ghana. By enhancing transparency and supporting small-scale mining, the bill aims to improve the nation’s foreign exchange reserves and foster economic growth. The referral to the appropriate committees reflects the seriousness of this legislative initiative, with the potential to significantly impact Ghana’s gold industry.
Original Source: www.ghanaweb.com
