The Ghana Gold Board Bill 2025 has been laid in Parliament to establish a regulatory body for gold trading in Ghana. The initiative aims to enhance traceability within the small-scale mining sector and facilitate certification by the LBMA. The bill has been referred to relevant committees for further review.
The Ghana Gold Board Bill 2025 has been introduced in Parliament with the objective of establishing a Gold Board. This board is intended to oversee the regulation of gold trading, including buying, selling, and exporting, while also generating foreign exchange for Ghana.
The government emphasizes that this initiative will be instrumental in formalizing gold transactions within the small-scale mining sector. It aims to enhance traceability in the gold trade and support efforts to obtain certification from the London Bullion Market Association (LBMA).
Following the bill’s introduction, First Deputy Speaker Bernard Ahiafor referred it to the Finance Committee as well as the Lands and Natural Resources Committees. He stated, “Honourable members, the Ghana Gold Board Bill 2025 is presented and read for the first time and accordingly referred to the Finance Committee for consideration and reports.”
Additionally, there are ongoing discussions surrounding other matters, such as the case of Ahmed Suale’s murder suspect, which remains a pertinent issue in recent news.
In conclusion, the Ghana Gold Board Bill 2025 seeks to regulate gold trading in Ghana, enhancing the formalization of transactions within the small-scale mining sector. The referral to the Finance and Lands and Natural Resources Committees indicates a structured approach to reviewing this significant piece of legislation, which aims to strengthen the gold sector and bolster the economy.
Original Source: citinewsroom.com
