General News
GoldBod now sole buyer, seller, assayer and exporter of all gold produced by artisanal, small-scale miners in Ghana
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
PRESS STATEMENT
14TH APRIL, 2025
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
General News
JUST IN: Asamoah Gyan Still Owes Over GHC 1 million Judgment Debt – His Accounts Frozen
Recent reports on various websites and social media claim that the Supreme Court has quashed a judgment debt of over GHC 1 million that former Black Stars captain Asamoah Gyan is obligated to pay for initiating a malicious prosecution against entertainment journalist Osarfo Anthony. However, this does not reflect the actual ruling of the apex court.
Background
On December 8, 2023, the defendants, Asamoah Gyan and his manager, Samuel Annim Addo, were ordered to pay GHC 1,061,000 in damages and costs. This judgment stems from a malicious prosecution suit filed by journalist Osarfo Anthony following his acquittal in an alleged sodomy and rape case involving the football star.
Justice Ernest Owusu Dapaa, a Court of Appeal judge with additional responsibilities at the High Court, ruled in favour of Osarfo, awarding him GHC 900,000 in damages, GHC 111,000 for lost income, and GHC 60,000 in legal costs, totalling over GHC 1,061,000.
Stay of Execution and Notice of Appeal.
Gyan, through his attorneys, filed a motion to stay execution of the judgment and a notice of appeal. On May 8, 2024, the High Court upheld its judgment and granted a stay of execution, contingent upon Gyan and his manager paying 50% of the judgment debt to the court’s Registrar within 30 days, excluding weekends and public holidays.
The court instructed that the amount must be invested in a government of Ghana 182-day Treasury Bill on a rollover basis until the appeal is resolved. This arrangement aims to ensure that Gyan can fulfil the payment if he loses the appeal, while also protecting Osarfo Anthony from difficulties in recovering the money should Gyan win the appeal.
Garnishee Nisi
After the 30-day deadline passed without compliance from Gyan and his manager, Osarfo Anthony filed an Ex parte Motion for a garnishee order, seeking to compel Gyan’s bankers to appear in court and show cause why they should not be ordered to pay the judgment creditor from the defendants’ account balances.
The High Court granted the garnishee nisi. However, just as Gyan’s bankers appeared in court to disclose their account balances, Gyan’s lawyers had already filed a certiorari application at the Supreme Court. This stalled the High Court’s proceedings pending the Supreme Court’s verdict.
Supreme Court Ruling.
Gyan’s legal team, led by Bobby Banson Esq., argued before the Supreme Court that the garnishee order should have been served On Notice to Gyan and his manager for seven days. The Supreme Court agreed with this argument, ruling that the garnishee process was improperly conducted. The apex court quashed the garnishee process (not the judgment debt).
The unanimous decision was delivered by a five-member panel led by Justice Amadu Omoro Tanko, with Justices Yoni Kulendi, Senyo Dzamefe, Prof. Henrietta Mensa-Bonsu, and Yaw Asare Darko concurring.
Asamoah Gyan and his manager remain fully indebted to Osarfo Anthony in the sum of GHC 1,061,000–same representing the damages and legal costs.
Update.
On the same day the Supreme Court issued its ruling, Osarfo Anthony, through his lawyers led by Yaw Dankwah, filed a Motion on Notice for an order of decree of garnishee nisi and has served the various banks where Gyan and his manager hold accounts. The bailiff is currently attempting to serve the process on Gyan and his manager personally.
Next Court Hearing
Come Wednesday, November 19, 2025, the bankers of Asamoah Gyan and his manager—CBG Bank, Ecobank Ghana, Zenith Bank, and GCB Bank—will appear in the High Court (Financial Court 1) to show cause why they should not be ordered to pay the judgment creditor from the credit balances in the accounts of the defendants/judgment debtors along with legal costs.
General News
German President Steinmeier to Visit Ghana — High-Level Talks with President Mahama Set for Monday
President of the Federal Republic of Germany, His Excellency Frank-Walter Steinmeier, will arrive in Ghana on Sunday, November 2, 2025, for a three-day State Visit aimed at strengthening relations between Ghana and Germany.
According to a statement from the Office of the President, the visit will run until Tuesday, November 4, 2025, and will feature a series of high-level engagements between the two countries.
Official activities will begin on Monday, November 3, with a Guard of Honour inspection at the Forecourt of The Presidency in Accra. President Steinmeier will then hold a closed-door meeting with his host, President John Dramani Mahama, followed by bilateral talks between their respective delegations in the Credentials Room.
The discussions will focus on deepening Ghana–Germany cooperation in key sectors including trade, investment, technology, and development partnership.
A State Luncheon will be held in honour of President Steinmeier and his delegation at the Presidential Banquet Hall in the afternoon.
Later in the day, the German President will visit the Kwame Nkrumah Memorial Park, where he will lay a wreath at the tomb of Ghana’s first President, Dr. Kwame Nkrumah. He will also interact with young Ghanaian IT professionals before attending a reception at the German Ambassador’s Residence in Accra.
On Tuesday, November 4, President Steinmeier will travel to Kumasi in the Ashanti Region, where he will perform a sod-cutting ceremony at the Kumasi Technical Institute. He will also engage with the Vice Chancellor, staff, and alumni of the Kwame Nkrumah University of Science and Technology (KNUST).
The German leader is also expected to visit the Kumasi Centre for Collaborative Research before paying a courtesy call on the Asantehene, Otumfuo Osei Tutu II, at the Manhyia Palace.
President Steinmeier will depart Ghana on Tuesday evening, bringing his three-day official visit to a close.
Source: Office of the President
Issued by: Felix Kwakye Ofosu (MP)
Spokesperson to the President | Minister for Government Communications.

General News
President Mahama Arrives in Cairo for Grand Egyptian Museum Opening
Ghana’s President John Dramani Mahama has arrived in Cairo ahead of the grand opening of the Grand Egyptian Museum (GEM), scheduled for Friday, November 1.
The historic event, taking place under the patronage of Egyptian President Abdel Fattah al-Sisi, will be attended by world leaders, kings, and dignitaries from across the globe.
Overlooking the Giza Pyramids, the GEM is the world’s largest archaeological museum, showcasing over 5,000 years of Egyptian civilization. The $1 billion facility — two decades in the making — houses thousands of ancient artifacts, including 4,500 treasures from the tomb of King Tutankhamun.
President al-Sisi has described the museum as a “symbol of Egypt’s leadership in global culture.” Initially planned for a July launch, the opening was postponed due to regional tensions and is now regarded as one of the most anticipated cultural events of the year.
The project reflects strong cooperation between Egypt and Japan, with Japan providing ¥84.2 billion (approximately $800 million) in soft loans through the Japan International Cooperation Agency (JICA) and the Japan Bank for International Cooperation (JBIC). Japanese experts also trained hundreds of Egyptian professionals in artifact conservation and museum management.
The inauguration comes amid a revival of Egypt’s tourism industry, which recorded revenues of $14.4 billion for 2023–2024 and welcomed over 15 million visitors in the first nine months of 2025.
For Ghana, President Mahama’s participation highlights Africa’s growing presence in global cultural diplomacy. The President was accompanied by Dr. Callistus Mahama, Executive Secretary to the President; Lt. Col. Abdul-Wahab Issah, Aide-de-Camp; Stanislav Dogbe, Deputy Chief of Staff, Operations; and Ambassador Aikins Abrokwa, Director of State Protocol.
The Grand Egyptian Museum stands as a landmark of shared human heritage — uniting ancient history, modern innovation, and international collaboration.
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