Ghana Gold Board Bill 2025 Presented for Parliamentary Review

The Ghana Gold Board Bill 2025 has been laid in Parliament to create a regulatory body for gold trading, aiming to enhance foreign exchange generation. The board will help formalize small-scale mining practices, improve traceability, and work towards LBMA certification. The bill has been referred to relevant committees for further review.

The Ghana Gold Board Bill 2025 has been submitted to Parliament with the objective of establishing a regulatory body to oversee the buying, selling, and exportation of gold. This initiative aims to enhance the generation of foreign exchange for the nation. The government emphasizes that the proposed board will facilitate the formalization of gold trading in the small-scale mining sector, improve traceability, and support efforts to achieve certification by the London Bullion Market Association (LBMA).

Upon its introduction, the First Deputy Speaker, Bernard Ahiafor, directed the bill to the Finance and Lands and Natural Resources Committees for thorough examination and subsequent reporting. “Honourable members, the Ghana Gold Board Bill 2025 is presented and read for the first time, and accordingly referred to the Finance Committee for consideration and reports,” Mr. Ahiafor stated.

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The introduction of the Ghana Gold Board Bill signifies an important step towards the regulation of gold trading in Ghana. By establishing a dedicated board, the government aims to enhance formal trading practices, ensure traceability, and seek internationally recognized certification. Referral of the bill to the appropriate committees suggests a methodical approach to legislative review in Parliament.

Original Source: citinewsroom.com