The Ghana Gold Board (GoldBod) has announced an extension of the deadline for the transition to its new gold trading license regime, granting stakeholders an additional month to comply with the directive.
In a press statement issued Thursday and signed by the Board’s Media Relations Officer, the deadline has been moved from May 21, 2025, to a non-extendable final date of June 21, 2025. The extension comes in response to “several petitions from stakeholders,” according to the statement.
Until the new deadline, individuals and businesses holding gold trading licenses issued by the now-defunct Precious Minerals Marketing Company (PMMC) and/or the Ministry of Lands and Natural Resources may continue to operate.
“Any person who holds a license issued by the defunct PMMC and/or the Ministry… can continue to purchase and deal in gold with the said licenses until 21st June, 2025,” the statement clarified.
However, the Ghana Gold Board stressed that only holders of a valid GoldBod license will be allowed to trade or deal in gold after the June 21 deadline.
Despite the transition extension, GoldBod emphasized that the export function of licenses issued by the Ministry of Lands and Natural Resources has been immediately revoked, effective May 22, 2025.
“No person other than GoldBod as a corporate entity can export small-scale gold from Ghana, effective immediately,” the Board warned.
The GoldBod reaffirmed that continuing to use PMMC or Ministry-issued licenses after the new deadline will be considered illegal.
“A breach of this directive shall constitute a punishable offense under the Ghana Gold Board Act, 2025 (ACT 1140),” the statement cautioned.
Stakeholders wishing to continue gold trading in Ghana are encouraged to apply for licenses through the Board’s official website: www.goldbod.gov.gh.
“The license application process is ongoing and will continue even after June 21. However, only persons with a valid GoldBod license may deal in gold post-deadline,” the statement noted.
GoldBod reiterated its commitment to aligning the gold trade with President John Dramani Mahama’s vision of maximizing national returns from Ghana’s mineral resources.
