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The Ghana Gold Board (GoldBod) has announced a one-month extension to the deadline for transitioning to its newly established gold trading license framework. Originally set for May 21, the new deadline is now June 21, 2025.
This decision was disclosed in an official statement released on Thursday, May 22, and signed by Prince Kwame Minkah, the Media Relations Officer of GoldBod. The extension comes in response to several petitions from stakeholders within the gold trading community seeking additional time to comply with the new licensing requirements.
In line with the revised directive, individuals and entities currently operating under licenses issued by the now-defunct Precious Minerals Marketing Company (PMMC) or the Ministry of Lands and Natural Resources may continue trading under those permits until the new June deadline.
However, GoldBod emphasized that this grace period is final and will not be extended. The statement stressed:
“Only holders of a GoldBod license will be allowed to purchase, sell, or deal in gold after June 21, 2025. The use of licenses issued by the defunct PMMC or the Ministry of Lands and Natural Resources will be prohibited beyond this date. A breach of this directive will constitute a punishable offence under the Ghana Gold Board Act, 2025 (Act 1140).”
Although trading under old licenses is permitted until the extended deadline, the authority to export gold under those licenses has been revoked with immediate effect. From May 22 onwards, GoldBod, as a corporate entity, is the sole body authorized to export small-scale gold from Ghana.
This move signifies a major reform in the country’s gold sector, as it consolidates gold export authority under a single regulatory institution to enhance oversight and compliance.
GoldBod has urged all current and prospective traders to begin or complete their licensing applications through its official website: www.goldbod.gov.gh. While the application process remains open beyond June 21, the board reiterated that no individual or company will be permitted to engage in gold trading without a valid GoldBod license after the deadline.
The statement concluded with a call for public cooperation:
“GoldBod further called for continued cooperation from all stakeholders and members of the public as it implements these regulatory reforms aimed at ensuring transparency, accountability, and national interest in the gold sector.”
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