GoldBod Engages Jewellers on New Gold Purchasing Directives and Licensing Reforms

Accra, February 2026 — The Ghana Gold Board (GoldBod) has engaged members of the Jewellers and Fabricators Association on newly introduced gold purchasing directives and jewellery licensing reforms aimed at strengthening formalisation and traceability within Ghana’s gold value chain.

At the stakeholder meeting, the Chief Executive Officer of GoldBod, Mr. Sammy Gyamfi, Esq., clarified that jewellers are licensed strictly as fabricators and not as gold buyers or traders. He stressed that licensed jewellers must source gold only through approved channels in accordance with regulatory requirements.

According to Mr. Gyamfi, direct purchases from miners or unapproved traders undermine traceability systems and weaken ongoing reforms designed to enhance transparency and accountability in the sector.

“To safeguard the integrity of Ghana’s gold value chain, all licensed jewellers must comply with established sourcing protocols,” he stated.

As part of measures to promote local value addition, GoldBod announced plans to supply refined gold and silver directly to licensed jewellers following the commencement of local refining operations in partnership with the Gold Coast Refinery.

Effective March 2026, licensed jewellers will be permitted to purchase gold from GoldBod in standardized weights of 7.75 grams, 15.5 grams, and 31 grams, subject to licence verification and compliance requirements.

GoldBod noted that the engagement forms part of broader efforts to protect the integrity of Ghana’s gold industry, enhance regulatory compliance, and promote sustainable growth within the jewellery sector.