Ghana Gold Board (GoldBod) Begins Licensing of Service Providers for Gold Trading Sector

The Ghana Gold Board, known as GoldBod, has announced the commencement of the licensing process for service providers within Ghana’s gold trading sector.

Effective from today, Wednesday, 23 April 2025, interested individuals and fully-owned Ghanaian companies can apply for licenses to operate within the sector.

Licensing Categories Available Now

GoldBod is opening applications for several categories of licenses, which can be processed either online via their official website, goldbod.gov.gh, or in person at the GoldBod office located in Accra. The initial licenses available for application are as follows:

• Aggregator License

• Self-financing Aggregator License

• Buyer License (Tier 1)

  

• Buyer License (Tier 2)

Other licenses, including Refining License, Smelting License, Fabrication License, Storage License, Transportation License, and Importation License, will be available for application starting in July 2025.

How to Apply

Applicants must ensure they meet the criteria set out by GoldBod, which include being a Ghanaian citizen aged 18 years or older or a fully Ghanaian-owned company. Before applying, it is essential to carefully read and understand the Terms and Conditions of the license. GoldBod also encourages all applicants to refer to the GoldBod website for detailed information on the organization’s policies and operations.

Directive for Foreign Traders

GoldBod has reiterated a previous directive to foreign nationals engaged in the local gold trading market, instructing them to exit by April 30, 2025. Any foreigner failing to comply with this directive will face legal consequences as per the Ghana GoldBod Act, 2025 (ACT 1140). However, foreigners may apply to GoldBod for permission to off-take gold from the organization.

Official Gold Trading Rates

In line with its regulatory role, GoldBod also reminded all gold traders to conduct their transactions using the official Bank of Ghana (BoG) Reference Rate, which can be found on the Bank’s official website www.bog.gov.gh.

Moving Forward

The Ghana Gold Board is committed to restructuring and optimizing the gold trading sector for the benefit of the nation. GoldBod aims to streamline the industry and ensure that its operations contribute to national economic growth. They look forward to collaborating with all stakeholders and value the input of the public as they continue to develop the sector.

For more information or inquiries, individuals may visit the GoldBod website or contact the organization directly.

Contact Information:
Prince Kwame Minkah
Media Relations Officer
Phone: 0256203488 / 0545540001
Email: contact@goldbod.gov.gh

GoldBod encourages all stakeholders in the gold sector to follow the new guidelines and participate in the licensing process to help shape the future of Ghana’s gold trading industry.