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GoldBod now sole buyer, seller, assayer and exporter of all gold produced by artisanal, small-scale miners in Ghana

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The GoldBod is currently, the sole buyer, seller, assayer and exporter of all gold produced by the licensed Artisanal and Small-Scale Mining (ASM) sector in Ghana, it has been announced.

In a press statement dated April 14, 2025 and issued by the new GoldBod on Monday afternoon, it said “all licenses issued by the Precious Minerals Marketing Company (PMMC) and/or the Minister responsible for Mines to a person other than a large scale mining company to deal in gold, have ceased to be valid”, following the passage of the Ghana Gold Board Act (Act 1140).

“…Pursuant to the Ghana Gold Board Act (ACT 1140), 2025, passed by Parliament on 29th March, 2025 and assented to by the President of the Republic on 2nd April 2025, all licenses issued by the Precious Minerals Marketing Company (PMMC) and/or the Minister responsible for Mines to a person other than a large scale mining company to deal in gold, have ceased to be valid,” it stated.

This means that no person other than the Ghana Gold Board (GoldBod), is permitted to export Artisanal and Small-Scale Mining (ASM) gold from Ghana.

Also, no person other than the GoldBod or a licensed buyer or aggregator or service provider of the GoldBod, is permitted to purchase or deal in gold in Ghana, it added.

It was explained that to ensure a smooth transition and respect for existing contractual obligations between licensed gold buyers and their off-takers, the Ghana Gold Board has resolved to allow for gold purchases and exports by persons holding appropriate licenses issued to them by the PMMC and/or the Minister Responsible for Mines until April 30, 2025.

For the time being, all licensed persons or entities buying gold from the local market, must do so in Ghana cedis and at a price calculated based on the Bank of Ghana Reference Rate it stated.

Attached below is a full copy of the press statement

GOLDBOD_PRESS_STATEMENT

PRESS STATEMENT
14TH APRIL, 2025 

  1. The general public is respectfully  informed, that pursuant to the Ghana Gold Board Act (ACT 1140), 2025, passed by Parliament on 29th March, 2025 and assented to by the President of the Republic on 2nd April 2025, all licenses issued by the Precious Minerals Marketing Company (PMMC) and/or the Minister responsible for Mines to a person other than a large scale mining company to deal in gold, have ceased to be valid.  

  2. The GoldBod is currently, the sole buyer, seller, assayer and exporter of all gold produced by the licensed Artisanal and Small-Scale Mining (ASM) sector.  

  3. As such, no person other than the Ghana Gold Board (GoldBod), is permitted to export ASM gold from Ghana. Also, no person other than the GoldBod or a licensed buyer or aggregator or service provider of the GoldBod, is permitted to purchase or deal in gold in the country.  

  4. However, to ensure a smooth transition and respect for existing contractual obligations between licensed gold buyers and their off-takers, the Ghana Gold Board has resolved to allow for gold purchases and exports by persons holding appropriate licenses issued to them by the PMMC and/or the Minister Responsible for Mines until 30th April, 2025.  

  5. For the time being, all licensed persons or entities buying gold from the local market, must do so in Ghana cedis and at a price calculated based on the Bank of Ghana Reference Rate published on www.bog.gov.gh.  

  6. Any Ghanaian or a fully-owned Ghanaian company whose license has ceased to be valid and/or any Ghanaian who is desirous of dealing in gold, is encouraged to apply for a license under the Ghana Gold Board Act (ACT 1140), 2025 effective, Tuesday, 22nd April, 2025.

  7. An application for a GoldBod license may be done online, via the website of the GoldBod (to be activated and published on the effective date for license applications, 22nd April, 2025) or physically at the GoldBod Licensing and Regulations office located at our head office in Accra. 

  8. All foreigners are hereby notified to exit the local gold trading market not later than 30th April, 2025. A foreigner may however apply to the GoldBod to buy or off-take gold directly from the GoldBod. 

  9. It is worthy of note, that it shall constitute a punishable offense for a person to purchase or deal in gold in the country without a license issued by the Ghana 

Gold Board, effective 1st May, 2025.  
Thank you.  
SIGNED. 

Prince Kwame Minkah
(Media Relations Officer, GoldBod)

Source: Graphic Online

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JUST IN: Retired GBC Journalist Selma Ramatu Al-Hassan Sues Captain Smart, Onua TV and Media General GHS 10 million for Defamation

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Retired GBC journalist Selma Ramatu Al-Hassan has filed a GH¢10 million defamation lawsuit against media personality Captain Smart, Onua TV, and its parent company, Media General, over comments she says have severely damaged her reputation.

According to court documents, the suit arises from statements made by Captain Smart during a broadcast on Onua TV in November 2025, in which he allegedly claimed that Al-Hassan had a child out of wedlock with former President Jerry John Rawlings. The remarks, she says, were false, malicious, and widely circulated after the broadcast went viral on social media.

Al-Hassan is seeking general and aggravated damages amounting to GH¢10 million, alongside a public retraction and unqualified apology. She is also asking the court to grant an injunction restraining the defendants from making or publishing any further defamatory statements against her.

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MINISTER FOR YOUTH DEVELOPMENT AND EMPOWERMENT INAUGURATES GRANT MANAGEMENT COMMITTEE FOR THE ADWUMAWURA PROGRAMME

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Earlier today, the Grant Management Committee of the Adwumawura Programme was officially inaugurated by the Minister for Youth Development and Empowerment.

The inauguration marked a critical stage in the implementation of the Adwumawura Programme, because it symbolizes an essential step in our collective effort to ensure transparency, accountability, and equity in the management of public resources entrusted to the National Entrepreneurship and Innovation Programme under The Adwumawura Programme.

The membership of the committee was drawn from Industry Players, Academia, Financial Institutions, Development Partners and Government Agencies.

 

1. University of Ghana Business School Innovation Center

2. Ministry of Youth Development and Empowerment

3. Ministry of Finance

4. ABSA Bank

5. Venture Capital Trust Fund

6. British Council

7. Private Sector (C.E.O of Akosombo Catering)

8. National Youth Authority

9. National Entrepreneurship and Innovation Programme

10. Ghana Youth Federation

11. MASLOC

In his remarks, the Minister for Youth Development and Empowerment reaffirmed government’s commitment to youth empowerment, job creation, and sustainable entrepreneurship. He emphasized that the Adwumawura Programme is not just about funding, but about building resilient businesses that can drive inclusive national development. He charged them to uphold the highest standards of professionalism, fairness, and diligence in the discharge of their duties.

The C.E.O of NEIP highlighted the need for the Grant Management Committee to be intentional about inclusiveness, equity, impactfulness, and innovation in the selection of at least 2, 000 viable businesses.

On his part, the Board Chairman assured the committee of their full support and urged them to execute their mandate dispassionately, transparently, in a non-partisan manner that will engender trust and confidence in the selection process.

Prof. George Acheampong from the University of Ghana Business School speaking on behalf of the committee thanked the Minister and NEIP for the opportunity to serve. He, on behalf of the committee members, assured the Minister and the Board of NEIP of their readiness and commitment to discharge their mandate diligently, fairly, transparently, and with utmost integrity.

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Chinese Ambassador bids farewell to President Mahama

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President John Dramani Mahama today granted an audience to the outgoing Chinese Ambassador to Ghana, His Excellency Tong Defa. The president lauded Mr Tong for strengthening the existing relations between Ghana and China during his tenure.

“You haven’t just been an ambassador or diplomat, you have been a friend, and I’m sad to see you go. Of course, our relations with China are excellent,” the President remarked.

Mr Mahama also thanked Chinese President Xi Jinping for his country’s involvement in negotiating Ghana’s debt restructuring and for providing significant support for Ghana’s development. He cited a $30 m grant for the Aflao Market Project and another $30m allocated for the construction of a new Science and Technology University in Damango.

“We want to see a greater cooperation with China in terms of logistics, in terms of training to move on anti-terrorism, in terms of building surveillance of our borders to make sure that we don’t have any infiltration of these areas”, he added.

President Mahama suggested a payment and settlement system between the two countries.

Ambassador Tong congratulated President Mahama on the successes chalked up in the first year of his tenure, especially in turning the fortunes of Ghana’s economy. He called for strengthening cooperation between the two countries in industry, trade, mining, and science and technology.

Ambassador Tong noted that the China zero-tariff arrangement for Ghana’s exports would soon be operationalised. He appealed to President Mahama for Ghana’s support for China’s bid to host the Secretariat of the new United Nations treaty on Biodiversity Beyond National Jurisdiction.

 

 

 

 

 

 

 

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