The Ghana Gold Board (GoldBod) has urged all licensed small-scale miners and gold traders to request GoldBod receipts whenever they buy or sell gold from licensed buyers in Ghana.

In a press release sighted by GhanaWeb Business, GoldBod noted that the issuance of receipts by licensed aggregators, self-financed aggregators, Tier 1, and Tier 2 buyers is mandatory and a critical requirement for validating all gold transactions.

The Board announced that a nationwide enforcement of the mandatory use of GoldBod receipts has officially begun.

To ensure full compliance, GoldBod Taskforce and Field Inspectors have been deployed across the country.

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GoldBod also called on all licensed buyers to make their receipt booklets available for inspection and to cooperate fully with the inspection teams.

“Licensed buyers are reminded that the non-issuance of GoldBod receipts constitutes a serious offence and may attract severe sanctions, including the suspension and/or revocation of their license,” part of the statement read.

GoldBod further advised traders to contact its License and Regulatory Unit to obtain their official GoldBod receipt booklets.

About GoldBod

Parliament passed the Ghana Gold Board Bill, 2025, into law on Friday, March 28, 2025.

Under the new law, the Ghana Gold Board is responsible for overseeing, monitoring, and managing the buying, selling, and export of gold and other precious minerals.

The law designates GoldBod as the sole exporter of gold from Ghana’s small-scale mining sector, effectively prohibiting licensed traders and bullion dealers from exporting gold directly.

As part of efforts to revitalise the local economy, President John Dramani Mahama initiated the establishment of the Ghana Gold Board, which operates under the Ministry of Finance.

Clause 68(1) of the Goldbod Bill stipulates that no person shall without lawful authority, hoard gold without a license or authorization issued by the Gold Board.

This clause is intended to prevent situations where licensed agents, funded to purchase gold for Goldbod, hoard the commodity, leading to scarcity, unfair competition, or price manipulation, among other issues.

Direct buying and selling of gold on the market is prohibited under the Ghana Goldbod Act. However, foreigners may apply to Goldbod to purchase gold from Ghana through the organisation.

Foreigners are also permitted to act as off-takers.

Foreigners should buy gold through GoldBod, which will then export the gold to their country or a location of their choice.



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