Ghana Gold Board Bill 2025 Submitted to Parliament for Review

The Ghana Gold Board Bill 2025 aims to create a regulatory body for gold trade in Ghana to enhance transparency, strengthen foreign exchange reserves, and formalize small-scale mining operations. It has been referred to relevant parliamentary committees for review. If passed, the bill will regulate gold trade and contribute significantly to the economy.

The Ghana Gold Board Bill 2025 has been submitted to Parliament, presenting a new regulatory framework intended to govern the acquisition, distribution, and export of gold in Ghana. This legislation aims to enhance the management of gold trade, thereby strengthening the nation’s foreign exchange reserves and increasing transparency in transactions.

Additionally, the bill intends to formalize small-scale mining operations by enhancing traceability and facilitating Ghana’s pursuit of certification from the London Bullion Market Association (LBMA). Following its introduction, First Deputy Speaker Bernard Ahiafor referred the proposed bill to the Finance Committee and the Lands and Natural Resources Committees for thorough review and recommendations.

Upon its introduction into Parliament, Honourable Ahiafor stated, “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.” If approved, this bill would establish a structured regulatory framework for gold trade, ensuring compliance and maximizing the sector’s economic contributions to Ghana.

The Ghana Gold Board Bill 2025 proposes the establishment of a regulatory authority for gold trade in Ghana, aiming to enhance transparency and improve foreign exchange reserves. The proposed legislation also seeks to formalize small-scale mining operations and secure LBMA certification. If enacted, the bill will provide a structured framework to regulate the gold sector effectively.

Original Source: www.ghanaweb.com