Gold Board (GoldBod) has warned licensed gold buyers that failure to meet mandatory reporting requirements could lead to revocation of their permits, escalating oversight in one of the country’s most critical export sectors.
In a compliance notice, the regulator said it had identified instances where gold buying licensees were not adhering to reporting obligations outlined in the terms and conditions of their licenses.
Under the rules, licensed buyers are required to submit monthly transaction reports detailing daily gold purchases, including quantity, purity, value and related activities during the reporting period. Reports must be filed within 15 days after the end of each month. For January 2026 transactions, submissions were due by Feb. 15.
The Board cautioned that failure to comply with licensing conditions constitutes grounds for revocation and may amount to an offense under Section 63 of the Ghana Gold Board Act, 2025.
The move signals a firmer regulatory posture as authorities seek to formalize gold trading, improve traceability and curb illicit flows in a sector that accounts for a significant share of export earnings and foreign exchange inflows.
GoldBod said it remains committed to enforcing the laws governing the gold trade in the interest of accountability and transparency, underscoring the government’s broader efforts to strengthen oversight across extractive industries.
