The Ghana Gold Board Bill 2025 aims to regulate gold trading in the country by establishing a Gold Board, enhancing traceability, and seeking LBMA certification. The bill was referred to the Finance and Lands and Natural Resources Committees for further review and consideration after its introduction in Parliament.
The Ghana Gold Board Bill 2025 has been introduced into Parliament with the objective of establishing a regulatory body to oversee the buying, selling, and export of gold within the country. This initiative aims to enhance foreign exchange generation for Ghana while promoting formalized gold trading practices in the small-scale mining sector.
The government asserts that the proposed Gold Board will significantly improve traceability of gold transactions and contribute to achieving the coveted London Bullion Market Association (LBMA) certification. Following its presentation, First Deputy Speaker Bernard Ahiafor designated the bill to the Finance and Lands and Natural Resources Committees for further examination and recommendations.
During the session, Mr. Ahiafor noted, “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.”
In conclusion, the Ghana Gold Board Bill 2025 is poised to enhance the regulatory framework for gold trading in Ghana. It aims to promote formalization within the small-scale mining sector and improve transaction traceability, all while striving for LBMA certification. The referral to the relevant committees signifies the beginning of a thorough analysis and discussions on this important legislation.
Original Source: citinewsroom.com
