Goldbod Suspends Selected Gold Buying Licence Applications Ahead of Regulatory Reforms

The Ghana Gold Board (GoldBod) has announced the immediate suspension of new applications for selected categories of gold buying licences as part of sweeping reforms to modernise and strengthen Ghana’s gold trading regime.

The directive affects new applications for Tier I, Tier II, and the Self-Financing Aggregator Licence. With immediate effect, the Aggregator Licence will be the only gold trading licence category open to new applicants.

GoldBod clarified that all applications submitted prior to the announcement will continue to be processed. The Board indicated that it will expedite the review and issuance of pending licences, provided applicants meet all regulatory requirements and have fulfilled the necessary fee obligations.

According to the Board, the temporary suspension forms part of broader measures to facilitate impending reforms to Ghana’s national gold buying framework. The reforms are aimed at enhancing transparency, improving regulatory compliance, strengthening traceability systems, and ensuring greater value retention within the country’s gold trading ecosystem.

GoldBod reaffirmed its commitment to collaborating with stakeholders across the gold value chain to establish a robust, accountable, and internationally competitive gold trading regime that safeguards Ghana’s national interest.

Further updates on the reform process and the revised licensing framework are expected to be communicated in due course.

The statement was signed by Management of the Ghana Gold Board.

Chief Executive Officer:  Sammy Gyemfi Esq.

Publish by : Solomon Kwabena Nana-Ansah