The Ghana Gold Board (GoldBod) has announced a one-month extension of the deadline for transitioning to its new gold trading licensing regime, following several petitions from stakeholders.
The new deadline is now set for June 21, 2025, instead of the previously announced May 21.
A statement issued by Prince Kwame Minkah, Media Relations Officer at GoldBod, said the extension allows holders of licences issued by the defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources to continue trading in gold until the new deadline.
However, the Board emphasized that after June 21, 2025, only holders of a GoldBod licence will be legally permitted to purchase, sell, or deal in gold in Ghana. Any use of licences from the defunct PMMC or the Ministry beyond that date will constitute a punishable offence under the Ghana Gold Board Act, 2025 (Act 1140).
Despite the extension, the statement clarified that effective immediately on May 22, 2025, the export component of licences issued by the Ministry of Lands and Natural Resources is no longer valid. Going forward, only GoldBod, as a corporate entity, is authorized to export small-scale gold from Ghana.
“The GoldBod wishes to encourage all persons desirous of trading or dealing in gold in Ghana to apply for a license via http://www.goldbod.gov.gh,” the statement said.
GoldBod also reiterated that the licence application process is ongoing and will remain open even after the June deadline.
However, individuals or entities without a GoldBod licence will not be permitted to operate in the gold trade beyond that date.
It added that the licensing reforms are part of efforts to maximize national benefits from Ghana’s gold resources in line with the vision of President John Dramani Mahama.
