The Ghana Gold Board (GoldBod) has announced the temporary suspension of some categories of licensing for gold buying applications.
According to management, the decision takes immediate effect but will only affect three categories of applications.
“The suspension affects new applications for Tier 1 and Tier 2 buying licenses as well as the Self-Financing Aggregator License with immediate effect,” management said in a statement issued on Monday, February 16.
“During this period, the Aggregator License will be the only gold trading licensing category open for new applications.”
It assured that applications already submitted prior to the decision will be processed all the same.
“The Board will expedite the review and issuance of pending buying licensing applications, provided applicants meet all regulatory requirements and have fulfilled the necessary fee obligations.”
According to the statement, the decision forms part of broader measures to facilitate impending reforms to the national gold buying framework.
“The reforms are designed to enhance transparency, improve compliance, strengthen traceability, and ensure greater value retention within Ghana’s gold trading ecosystem.”
GoldBod assures of its commitment to “working collaboratively with stakeholders across the gold value chain to build a robust, accountable, and internationally competitive gold trading regime that safeguards the national interest”.