Parliament Set to Pass Ghana Gold Board Bill 2025 Before Easter Break
Accra, March 28, 2025 – Ghana’s Parliament is expected to pass the Ghana Gold Board Bill 2025 into law today, Friday, March 28, before going on its Easter break, barring any last-minute obstacles.
The bill, which has undergone extensive consultations, aims to regulate the gold industry, enhance transparency and traceability, and boost foreign exchange earnings from the country’s vital gold sector.
Key Provisions of the Bill
The proposed legislation seeks to establish the Ghana Gold Board (GOLDBOD), a regulatory body that will oversee:
✅ Buying and selling of gold
✅ Export regulations to prevent illegal trade
✅ Enforcement of compliance across the industry
Stakeholders’ Perspectives
💬 Sammy Gyamfi, Managing Director of the Precious Minerals Marketing Company (PMMC), expressed confidence in the bill’s imminent passage, citing extensive consultations and over 40 amendments to refine its provisions.
🗣️ In an interview with Joy News, he stated:
“We have made more than 40 amendments to the bill and relayed it in Parliament, while the old version has been withdrawn. From the indications I am getting, the bill will be passed before Parliament breaks for Easter.”
He also praised the Finance Committee of Parliament for its role in reviewing and refining the bill.
Next Steps
Once passed, the Ghana Gold Board will be formally established, ushering in a new era of regulation and oversight for the gold industry in Ghana.
The move is expected to curb illegal mining, improve revenue generation, and attract more investment into the sector.
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