The Chamber of Licensed Gold Buyers (CLBG) has fully rallied behind the exclusive aggregation license granted to Bawa Rock Limited under the Ghana Gold Board Aggregation Model, despite scrutiny from the Minority in Parliament.

According to the Chamber, Bawa Rock Ltd has distinguished itself in gold buying and has a proven track record of ensuring transparency in its dealings.

It further indicated that the company has implemented measures to reduce smuggling and leakages in the gold industry, thereby restoring credibility, and thus deserves the license.

GoldBod is an upgrade of PMMC, not a rebranding

“Built and operationalised a nationwide purchasing and aggregation network linking licensed miners, buying agents, assayers, and transport operators. Enforced uniform pricing transparency and compliance standards across participating ASM operators. Introduced full traceability and documentation controls, replacing informal and undocumented trade flows. Significantly reduced smuggling, leakages, and parallel market activity by centralising gold offtake.

"Improved foreign exchange capture, export predictability, and revenue reporting. Successfully and legitimately satisfying all the licensing requirements of the Aggregator category of GoldBod. The Chamber’s internal monitoring confirms that ASM gold that previously exited the country through informal routes is now being captured within the formal national framework, directly attributable to the centralized aggregation mechanism executed by Bawa Rock Ltd,” portions of the statement released on January 6, 2026 read.

The Chamber further rejected the Minority in Parliament’s decision to review the mandate, insisting that there is no wrongdoing to warrant such a move.

They therefore urged authorities to maintain the deal and not heed critics.

“The Chamber of Licensed Gold Buyers (CLGB) issues this statement in response to the Minority in Parliament’s assessment of the issuance of an exclusive gold aggregation license to Bawa Rock Limited under the GoldBod Aggregation Model. It is the logical outcome of global commodity governance best practice, adapted to Ghana’s specific ASM challenges. Weakening this structure would reverse formalisation gains, reopen smuggling channels, destabilise revenues, and fracture regulatory control.

"The Chamber therefore strongly endorses the maintenance of Bawa Rock Ltd’s exclusive aggregator mandate as the cornerstone of Ghana’s gold sector reform under the GoldBod framework until such a strategic time when GoldBod will accommodate the entry of additional licensees into the category,” the statement concluded.

Reaad the full statement below:



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