GoldBod Extends Deadline for New Gold Trading License Transition to 21st June 2025

The Ghana Gold Board (GoldBod) wishes to inform the general public that, following numerous petitions from stakeholders, the deadline for transitioning to the new gold trading license regime has been extended from 21st May 2025 to 21st June 2025.

This means that individuals and companies currently operating under licenses issued by the now-defunct Precious Minerals Marketing Company (PMMC) and/or the Ministry of Lands and Natural Resources may continue to legally purchase and trade in gold with those licenses until 21st June 2025.

Important Clarifications:

• After 21st June 2025, only valid GoldBod license holders will be permitted to purchase, sell, or trade in gold in Ghana.

• Licenses previously issued by the PMMC or the Ministry of Lands and Natural Resources will no longer be valid for any gold trading activities after the deadline.

• Continued use of these outdated licenses beyond 21st June 2025 will be considered a violation of the Ghana Gold Board Act, 2025 (Act 1140) and will attract legal penalties.

  

Immediate Change to Export Rights:
Effective today, 22nd May 2025, all export rights attached to licenses issued by the Ministry of Lands and Natural Resources have been revoked. From now on, only the GoldBod, as a corporate entity, is authorized to export small-scale gold from Ghana.

Application Process:
All persons or entities interested in dealing in gold are encouraged to apply for a GoldBod license via the official website: www.goldbod.gov.gh.
While applications will still be accepted after the deadline, please note that no one without a GoldBod license will be permitted to operate in Ghana’s gold trade after 21st June 2025.

GoldBod appreciates the support and cooperation of all stakeholders and members of the public as we work to maximize national benefits from Ghana’s gold resources, in line with the vision of President John Dramani Mahama.

Below is the full release…

PRESS STATEMENT
For Immediate Release:
22nd May, 2025

GOLDBOD EXTENDS DEADLINE FOR TRANSITION TO NEW GOLD TRADING LICENSE REGIME

Upon consideration of several petitions from stakeholders, the Ghana Gold Board (GoldBod) wishes to inform the general public, that the deadline for the transition to the new gold trading license regime, has been extended from 21st May, 2025 to 21st June, 2025.

Consequently, any person who hold a license issued by the defunct PMMC and/or the Ministry of Lands and Natural Resources can continue to purchase and deal in gold with the said licenses until 21st June, 2025.

It must be emphasized, that even though a person may apply for a GoldBod license beyond the new non-extendable deadline of 21st June, 2025, only holders of a GoldBod license will be allowed to purchase, sell or deal in gold after this date.

The use of a license issued by the defunct PMMC and/or the Ministry of Lands and Natural Resources to deal in gold is hereby prohibited beyond the new non-extendable deadline of 21st June, 2025. A breach of this directive shall constitute a punishable offense under the Ghana Gold Board Act, 2025 (ACT 1140).

The deadline extension notwithstanding, the GoldBod wishes to inform all persons who hold a license to purchase and deal in gold, issued by the Ministry of Lands and Natural Resources, that the export function of their licenses has ceased to be valid, effective today, 22nd May, 2025. Accordingly, no person other than GoldBod as a corporate entity, can export small-scale gold from Ghana, effective immediately.

The GoldBod wishes to encourage all persons desirous of trading or dealing in gold in Ghana, to apply for a license via www.goldbod.gov.gh.

It is worthy of note, that the license application process is an ongoing process and will continue even after the new non-extendable deadline of 21st June, 2025, save that, a person without a GoldBod license cannot trade or deal in gold in Ghana after this deadline.

The GoldBod counts on the cooperation of all stakeholders and the general public as we work to optimize national benefits from Ghana’s gold resources in line with the vision of President John Dramani Mahama.

SIGNED.
Prince Kwame Minkah
Media Relations Officer
0256203488/0545540001