The Ghana Gold Board (Goldbod) has announced the temporary suspension of selected regulatory functions as part of ongoing efforts to restructure and strengthen the country’s gold trading framework.
In a statement issued on Monday February 16, 2026, management of Ghana Gold Board explained that the suspension affects the issuance of certain regulatory licenses, particularly those related to gold trading activities. The move forms part of interim measures being implemented while a new operational and regulatory framework is finalised.
According to Goldbod, the decision is aimed at sanitising the gold sector, improving compliance, and ensuring that gold trading activities are conducted in a more transparent and accountable manner. The Board noted that the temporary suspension will allow it to review existing processes and strengthen oversight mechanisms.
The statement further indicated that ongoing applications for regulatory approvals will be put on hold, while new applications will not be accepted until further notice. This, Goldbod said, is necessary to enable a comprehensive audit of licensing procedures and regulatory standards.
Management of the Board assured stakeholders that the suspension is not intended to disrupt legitimate business operations but rather to streamline and modernise regulatory systems in line with international best practices. The reforms are expected to introduce improved digital systems, clearer licensing categories, and enhanced monitoring of gold trading activities.
Goldbod also encouraged stakeholders in the gold value chain, including traders, exporters and refiners, to cooperate with the transitional measures, stressing that the ultimate goal is to promote transparency, curb illegal trading and protect Ghana’s mineral resources.
The Board concluded that further updates on the revised regulatory framework and the resumption of suspended functions will be communicated in due course.
By: Christian Kpesese
