Ghana Gold Board Bill 2025 Submitted for Parliamentary Review

The Ghana Gold Board Bill 2025 aims to create a regulatory authority for gold trade in Ghana, enhancing transparency and fostering better management of foreign exchange reserves. It seeks to support small-scale mining and is currently under review by parliamentary committees.

The Ghana Gold Board Bill 2025 has been presented to Parliament with the intention of creating a regulatory body for the oversight of gold acquisition, distribution, and export within Ghana. This proposed legislation aims to improve the country’s management of gold trade, thereby enhancing the foreign exchange reserves and promoting transparency in related transactions.

Moreover, the bill aims to formalize small-scale mining operations by advancing traceability measures and supporting Ghana’s pursuit of certification from the London Bullion Market Association (LBMA). The introduction of the bill was marked by First Deputy Speaker Bernard Ahiafor, who referred it to the Finance and Lands and Natural Resources Committees for detailed scrutiny and future recommendations.

“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,” announced Mr. Ahiafor. Should the bill gain approval, it will establish an organized framework for gold trade regulation, ensuring adherence to compliance benchmarks and optimizing the sector’s economic contribution to Ghana.

The submission of the Ghana Gold Board Bill 2025 to Parliament signifies a critical step towards better governance of Ghana’s gold sector. By enhancing the regulation of gold trade, the bill aims to promote transparency, boost foreign reserves, and support small-scale mining operations. If passed, it will provide a structured regulatory framework, fostering the sector’s contribution to the national economy.

Original Source: www.ghanaweb.com