… Instead, the Board explained that the licence of Dominic Bonsu Ventures was suspended over suspected breaches of the terms and conditions of its licence and the GoldBod Trading Directives under the Ghana Gold Board Act, 2025 (Act 1140). …
… According to the Board, the company’s licence was suspended over suspected breaches of its licence conditions and GoldBod Trading Directives under the Ghana Gold Board Act, 2025 (Act 1140). …
… He outlined the Board’s licensing regime, funding model and the ongoing review of the Ghana Gold Board Act, 2025 (Act 1140), as well as initiatives aimed at promoting responsible mining, enhancing gold traceability and increasing local value addition. …
… The directive, issued by the GoldBod’s Compliance Directorate on July 13, 2026, forms part of the terms and conditions of SFA licences and takes immediate effect under the Ghana Gold Board Act, 2025 (Act 1140). …
… The measures, issued under the Ghana Gold Board Act, 2025 (Act 1140), are expected to significantly reshape the country’s gold trading ecosystem by standardising pricing, enhancing traceability and tightening oversight of gold transactions. …
… GoldBod further directed all licensed buyers to strictly adhere to the published official prices and warned that purchasing gold at any other price would constitute a violation of the Ghana Gold Board Act, 2025 (Act 1140). …
Policy think tank Africa Policy Lens (APL) is calling for an urgent amendment of Section 25 of the Ghana Gold Board Act, 2025 (Act 1140) to protect the mandates of mining sector institutions and prevent financial losses from duplicated functions. …
… In a statement issued on Thursday, June 18, the FRRG argued that GoldBod’s mandate under the Ghana Gold Board Act, 2025 (Act 1140), is limited to overseeing gold trading activities, generating foreign exchange and supporting the accumulation of gold reserves by the Bank of Ghana. …
The Christian Council of Ghana has commended the Ghana Gold Board for promoting transparency, responsible gold trading and environmental sustainability. GoldBod's CEO outlined the institution's mandate under the Ghana Gold Board Act, 2025, and highlighted initiatives including local gold refining expansion, a fire assay laboratory, and water system rehabilitation.
The Christian Council of Ghana has commended the Ghana Gold Board for promoting transparency, responsible gold trading and environmental sustainability. GoldBod's CEO outlined the institution's mandate under the Ghana Gold Board Act, 2025, and highlighted initiatives including local gold refining expansion, a fire assay laboratory, and water system rehabilitation.
Ghana Gold Board says the cost of refining gold locally will be borne by self-financing gold aggregators and their approved foreign offtakers, not the state institution, under the mandatory local refining policy established by the Ghana Gold Board Act, 2025.
The Ghana Gold Board has directed all Self-Financing Aggregators to refine gold doré locally before export, effective September 1, 2026, to deepen value addition in the gold industry. All refining must occur at Board-approved refineries, with existing offtake agreements to be amended by August 31, 2026.
The Ghana Chamber of Mines is pressing for targeted energy interventions to make local gold refining commercially viable, with the CEO arguing that government and industry must work together to reduce power costs, taxes, and operational expenses that currently make local refining expensive.
The Association of Small-Scale Miners has defended Ghana Gold Board's directive requiring gold traders to refine gold locally before export, arguing that while operational costs may increase, the policy's wider economic benefits including job creation must be considered. The directive takes effect from September 1, 2026, and will prohibit unrefined gold doré from being exported.
The Association of Small Scale Miners urges stakeholders to consider the broader economic benefits of local gold refining, including job creation and reduced youth unemployment, alongside operational costs. The Ghana Gold Board has directed Self-Financing Aggregators to refine gold doré locally before exporting it, effective September 1, 2026.
The Institute of Economic Research and Public Policy has alleged that the Ghana Gold Board removed its quarterly trading reports from its website, potentially breaching Section 42 of the Ghana Gold Board Act which requires publication of reports on operations, revenue, contracts and expenditure. IERPP is demanding explanations for the removal and wants both original and revised report versions published with change explanations.
The Institute of Economic Research and Public Policy is demanding answers from the Ghana Gold Board over the removal of quarterly trading reports from its website, citing concerns about transparency and accountability. IERPP is calling on GoldBod to explain who authorised the removal, when they were taken down, why, and whether any figures were changed, pointing to Section 42 of the Ghana Gold Board Act, 2025, which requires publication and access to such reports.
The Institute of Economic Research and Public Policy is demanding that the Ghana Gold Board explain the removal of previously published quarterly trading reports from its website, citing concerns about transparency and accountability. IERPP says the removal violates Section 42 of the Ghana Gold Board Act, which requires the Board to publish and maintain access to quarterly reports on its operations, revenue, contracts, expenditure, and responsible sourcing.
The Ghana Gold Board has directed all Self-Financing Aggregators to refine gold doré locally before export, effective September 1, 2026, as part of efforts to deepen value addition in Ghana's gold industry.
The Ghana Gold Board has announced that from September 1, licensed buyers and aggregators must use X-Ray Fluorescence (XRF) assay as the standard method for determining gold purity, replacing the water density method and establishing a uniform approach across the licensed gold buying chain.
The Ghana Gold Board has dismissed as false and malicious social media claims that a licensed gold dealer absconded with GH¢200 million. The Board said it suspended the licence of Dominic Bonsu Ventures over suspected breaches, leading to the proprietor's arrest and ongoing legal proceedings.
The Ghana Gold Board has dismissed as false and misleading social media claims that Dominic Bonsu, purportedly a former bodyguard to its CEO Sammy Gyamfi, absconded with GH¢200 million. GoldBod stressed that Bonsu never served as a bodyguard or security officer to Gyamfi, the institution has not lost or advanced GH¢200 million to him, and his company's licence was suspended for suspected breaches of licence conditions; Bonsu was arrested and remanded by the High Court in Accra.
Ghana's Parliamentary Select Committee on Economy and Development visited the Ghana Gold Board to assess its operations and contribution to economic recovery through gold trading and foreign exchange mobilisation. CEO Sammy Gyamfi presented the Board's transformation from PMMC and outlined reforms including a planned gold traceability system procurement.
The Ghana Gold Board has introduced mandatory guidelines governing how Self-Financing Aggregators onboard buyers and conduct gold trading and export transactions, effective immediately under the Ghana Gold Board Act, 2025. Aggregators must submit proposed buyers for Know-Your-Customer, Anti-Money Laundering and financial due diligence, and only approved buyers may proceed after the aggregator obtains formal GoldBod approval to trade.
The Ghana Gold Board has announced sweeping reforms to Ghana's gold purchasing framework, including a new pricing regime, stricter purchase thresholds, and mandatory real-time transaction reporting requirements, effective July 1, 2026. The measures aim to standardise pricing, enhance traceability, strengthen oversight and curb illegal trading practices.
The Ghana Gold Board will replace its continuously updated live gold prices with two daily official prices based on internationally recognised LBMA Gold Price benchmarks, released at 10:30 a.m. and 3:00 p.m., to promote transparency and stability in Ghana's gold trading sector.
The Ghana Gold Board has issued a compliance directive requiring all licensed gold buyers to report purchases to their financing buyer or aggregator within five minutes of completing the transaction, with bookings only permitted during approved trading hours ending at 8:00 p.m. The Board also mandated immediate receipt issuance with purchase times and proper record-keeping, warning that non-compliance will result in sanctions under the Ghana Gold Board Act, 2025.
Policy think tank Africa Policy Lens is calling for an urgent amendment of Section 25 of the Ghana Gold Board Act to protect the mandates of mining sector institutions and prevent financial losses from duplicated functions. APL warned that GoldBod is encroaching on mandates already assigned to other state institutions, including the Minerals Commission, NAELP, Forestry Commission, and GLRSSMP.
The Forum for Responsible Resource Governance has described the Ghana Gold Board's planned nationwide land reclamation initiative as unlawful, arguing that the agency lacks statutory authority to undertake the project under its establishing legislation. GoldBod announced the estimated GH¢36.35 million project in partnership with the Ghana Armed Forces and Forestry Commission to restore lands degraded by illegal mining.