The Ghana Gold Board Bill 2025 has been introduced to Parliament with the aim of establishing a regulatory authority for gold trade. The bill seeks to increase transparency, formalize small-scale mining, and improve gold trade management, thereby bolstering the economy and securing LBMA certification.
The Ghana Gold Board Bill 2025 has been submitted to Parliament, aiming to create a regulatory authority dedicated to the oversight of gold acquisition, distribution, and export within the country. This legislative proposal aims to bolster foreign exchange reserves through improved management of gold trade and increased transparency in all transactional processes.
Key objectives of the bill include formalizing small-scale mining activities, enhancing traceability of gold, and supporting Ghana’s pursuit of gaining certification from the London Bullion Market Association (LBMA). Its introduction was marked by First Deputy Speaker Bernard Ahiafor, who has referred the bill to the Finance and Lands and Natural Resources Committees for thorough review and recommendations.
Upon its potential enactment, the Ghana Gold Board Bill 2025 is poised to establish a structured regulatory framework for the gold trade sector, ensuring compliance while maximizing its economic contributions to Ghana. This step reflects a significant initiative to enhance the country’s mining sector and foreign trade capabilities.
In conclusion, the Ghana Gold Board Bill 2025 represents a significant legislative effort aimed at regulating the gold industry in Ghana. By establishing a dedicated authority for gold trade oversight, the bill seeks to enhance transparency, bolster the country’s economy, and formalize small-scale mining operations. Its passage could yield substantial benefits for both the sector and the nation’s foreign exchange reserves.
Original Source: www.ghanaweb.com
