All foreigners must exit Ghana’s gold trading market not later than April 30 — GoldBod orders

By Isaac Donkor Distinguished

Headlines

All foreigners must exit Ghana’s gold trading market not later than April 30 — GoldBod orders

MON, 14 APR 2025

The Ghana Gold Board (GoldBod) has ordered all foreign nationals currently trading in the country’s local gold market to exit by April 30.

The directive is part of the enforcement of the newly passed Ghana Gold Board Act (Act 1140), 2025, which came into force after it was passed by Parliament on March 29 and assented to by President John Dramani Mahama on April 2.

In a statement issued on April 14, GoldBod clarified that all previously issued licenses by the Precious Minerals Marketing Company (PMMC) and the Minister responsible for Mines, except those held by large-scale mining companies, are no longer valid.

“All foreigners are hereby notified to exit the local gold trading market not later than 30th April, 2025,” the statement by the Public Relations Officer, Prince Kwame Minkah emphasized.

The statutory body, which now serves as the sole buyer, seller, assayer, and exporter of gold produced by the artisanal and small-scale mining (ASM) sector, said foreigners who still wish to engage in gold trading may apply to transact directly with GoldBod.

“A foreigner may however apply to the GoldBod to buy or off-take gold directly from the GoldBod,” it said.