The Ghana Gold Board (GoldBod) has warned that individuals trading gold without a valid license after June 21, 2025, will face prosecution.
According to Sammy Gyamfi, Chief Executive Officer of GoldBod, there will be no further extensions for obtaining licenses.
“We should be able to sustain this for the betterment of our people. We are not going to relent on that and anybody who becomes a standing block will be dealt with in accordance with the laws of Ghana. So, kindly encourage your members to play by the rules; apply for a license, then you can trade in gold,” Gyamfi stated.
The warning comes after an earlier one-month extension from May 21 to June 21, 2025, was granted to allow gold traders to obtain the necessary licenses.
Kwaku Amoah, CEO of the Chamber of Licensed Gold Buyers, has pledged the group’s support in sanitizing the gold trade sector.
“This is the second time we have had an extension. For us, as a chamber, our advocacy goes again on behalf of the GoldBod. We are in to encourage them to drive that force and urge all the members to register on or before June 21, 2025,” Amoah said.
The GoldBod is committed to ensuring that the gold trade sector operates within the bounds of the law, and individuals and companies are encouraged to comply with the regulations to avoid prosecution.