The Ghana Gold Board Bill 2025 was presented to Parliament, aiming to regulate gold acquisition, distribution, and export in Ghana. It focuses on enhancing transparency, formalizing small-scale mining, and securing LBMA certification, thereby aiming to strengthen foreign exchange reserves and economic contributions from the gold sector. The bill has been referred to the Finance and Lands and Natural Resources Committees for review.
The Ghana Gold Board Bill 2025 has been submitted to Parliament, proposing the establishment of a regulatory authority to effectively manage gold acquisition, distribution, and export in the nation. This legislation aims to enhance the management of gold trade, which will contribute to the strengthening of Ghana’s foreign exchange reserves and bolster transparency in transactions.
Additionally, the bill sets out to formalize small-scale mining operations, facilitating better traceability and supporting Ghana’s initiative to attain certification from the London Bullion Market Association (LBMA). The introduction of this bill to Parliament saw First Deputy Speaker Bernard Ahiafor assigning it to the Finance Committee and the Lands and Natural Resources Committee for thorough examination and recommendations.
Upon its approval, the bill will create a structured framework for the regulation of gold trade in Ghana, ensuring adherence to standards and maximizing the sector’s overall contribution to the nation’s economic development.
In summary, the Ghana Gold Board Bill 2025, introduced to Parliament, aims to establish a regulatory body for gold trade regulation, enhancing transparency and gold trade management. It addresses the formalization of small-scale mining and seeks LBMA certification, crucial for economic growth. The bill is now under review by relevant parliamentary committees, with potential to significantly impact Ghana’s economy.
Original Source: www.ghanaweb.com
