Ghana Gold Board Bill 2025 Introduced to Parliament for Regulation of Gold Sector

The Ghana Gold Board Bill 2025 has been presented to Parliament to regulate gold trading and improve foreign exchange generation. It focuses on formalizing small-scale mining practices and aims for LBMA certification. The bill has been referred to the Finance and Lands and Natural Resources Committees for evaluation.

The Ghana Gold Board Bill 2025 has been introduced to Parliament, with the objective of establishing a regulatory body that will oversee the buying, selling, and exporting of gold. This initiative aims to enhance the generation of foreign exchange for Ghana while also formalizing gold trading, particularly within the small-scale mining sector. By improving traceability and advancing the pursuit of London Bullion Market Association (LBMA) certification, the board is expected to play a pivotal role in the gold industry.

Upon its presentation, the First Deputy Speaker, Bernard Ahiafor, referred the bill to both the Finance Committee and the Lands and Natural Resources Committee for in-depth examination and reporting. He emphasized, “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.” The referral will facilitate a thorough review of the bill’s implications and benefits before further discussions.

In summary, the Ghana Gold Board Bill 2025, by establishing a regulatory framework for gold trading, seeks to bolster the country’s gold sector. The bill has been directed to relevant committees for detailed analysis and feedback, signaling the government’s commitment to formalizing the small-scale mining industry and improving the overall integrity of gold transactions in Ghana.

The Ghana Gold Board Bill 2025 is a significant legislative proposal aimed at regulating gold trading in Ghana. It seeks to enhance trade formalization in the small-scale mining sector and improve the integrity of gold sales and exports. The bill is currently under review by appropriate parliamentary committees, highlighting the government’s strategic approach to managing the gold industry effectively.

Original Source: citinewsroom.com