The Ghana Gold Board (GoldBod) has announced the immediate suspension of applications for certain gold buying licenses as part of reforms to strengthen and modernize Ghana’s gold trading regime.
The letter, endorsed by management and the CEO, Mr. Sammy Gyamfi, Esq., states that the suspension affects new Tier 1, Tier 2, and Self-Financing Aggregator license applications with immediate effect.
During this period, only the Aggregator License will remain open for new applications.
GoldBod assured stakeholders that previously submitted applications will continue to be processed and that pending applications will be expedited, provided applicants meet all regulatory requirements and fee obligations.
The directive forms part of broader reforms aimed at enhancing transparency, improving compliance, strengthening traceability, and ensuring greater value retention within Ghana’s gold trading sector.
GoldBod reaffirmed its commitment to building a robust, accountable, and internationally competitive gold trading system, adding that further updates on the revised licensing framework will be communicated in due course.
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