In the words of Lawyer Sammy Gyamfi, Managing Director of the Precious Minerals Marketing Company (PMMC), Parliament is set to pass the Ghana Gold Board Bill 2025 before its upcoming recess, which is slated for Friday, March 28th, 2025.
Mr. Gyamfi emphasized that extensive consultations and engagement have been integral to the bill’s development, ensuring its robustness.
The legislation aims to establish the Gold Board, tasked with regulating the buying, selling, and exporting of gold, while also generating foreign exchange for Ghana. The government highlights that the board will be instrumental in formalizing gold trading within the small-scale mining sector, improving traceability, and facilitating the achievement of the London Bullion Market Association (LBMA) certification.
Following its introduction in Parliament, First Deputy Speaker Bernard Ahiafor referred the bill to the Finance and Lands and Natural Resources Committees for further examination. He 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.”
The impending passage of the bill marks a significant step in enhancing the governance of the gold sector in Ghana
