President Mahama Signs Ghana Gold Board Bill into Law
Accra, Ghana – April 3, 2025 – President John Dramani Mahama has officially signed the Ghana Gold Board Bill into law, a major step towards regulating and streamlining the country’s gold sector.
Key Objectives of the Law
The Ghana Gold Board Act, 2025, which was passed by Parliament on March 28, 2025, establishes the Ghana Gold Board to oversee the governance, operations, and financial management of the gold industry.
The law aims to:
- Enhance transparency in Ghana’s gold trade.
- Boost investor confidence and strengthen regulatory oversight.
- Ensure fair resource allocation and sustainable mining practices.
- Support small-scale miners through structured financial and operational assistance.
Key Provisions of the Act
- Establishment of a governing board to oversee the gold sector.
- Appointment of a Chief Executive Officer (CEO) to lead operations.
- Creation of financial structures to support small-scale miners.
- Tax exemptions and borrowing powers to enhance the Gold Board’s effectiveness.
Industry Reactions
Sammy Gyamfi, Acting Managing Director of the Precious Minerals Marketing Company, highlighted the law’s potential in boosting investor confidence and maximizing Ghana’s benefits from its gold resources.
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