Parliament of Ghana is expected to pass the Goldbod bill into law before its upcoming break, marking a significant milestone in the country’s efforts to regulate its gold industry.
According to Sammy Gyamfi, Managing Director of PMMC, “a lot engagements and consultations have gone into the drafting of the bill making it watertight.”
Speaking to Joy News, Mr. Gyamfi also revealed that “a lot of rigorous work have been done by members of the parliament as far as the bill is concerned.”
The Ghana Gold Board Bill 2025 seeks to establish a Gold Board, which will regulate the buying, selling, and export of gold, generating much-needed foreign exchange for the country.
The bill also aims to formalize the small-scale mining sector, improve traceability, and secure certification from the London Bullion Market Association (LBMA).
First Deputy Speaker Bernard Ahiafor referred the bill to the Finance and Lands and Natural Resources Committees for review, stating, “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.”
Parliament’s Finance and Lands and Natural Resources Committees are currently reviewing the bill, with a final vote expected before the break. If passed, the Goldbod bill will mark a significant step forward in Ghana’s efforts to harness the potential of its gold industry.