The Ghana Gold Board (GoldBod) has extended the deadline for transitioning to its new gold trading license regime to June 21, 2025.
GoldBod had originally set May 21, 2025, as the deadline for all gold traders to switch from the now-defunct PMMC license to the GoldBod license. However, a statement issued on Thursday, May 22, 2025, and signed by GoldBod’s Media Relations Officer, Prince Minkah, announced a one-month extension.
This follows multiple petitions from stakeholders in the gold trading industry. Traders holding licenses previously issued by the PMMC or the Ministry of Lands and Natural Resources may continue operations until the new deadline.
However, GoldBod stressed that this grace period is final and non-extendable.
“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),” the statement warned.
In a significant regulatory shift, the export function tied to old licenses has been revoked effective immediately. As of May 22, 2025, GoldBod is the sole entity authorised to export small-scale gold from Ghana.
GoldBod encouraged all prospective traders and dealers to begin or complete their license applications through its official website: www.goldbod.gov.gh.
While the application portal remains open beyond the June 21 deadline, no trading or dealing in gold will be permitted without a valid GoldBod license after that date.
GoldBod urged continued cooperation from all stakeholders and the public as it implements these reforms to promote transparency, accountability, and the national interest in Ghana’s gold sector.
By: Ekow Annan/newsalertgh.com
