Following the receipt of several petitions from stakeholders in the gold trading industry, the Ghana Gold Board (GoldBod) has officially extended the deadline for transitioning to the new gold trading license regime from May 21 to June 21, 2025.
A statement issued on Thursday, May 22, and signed by Media Relations Officer of GoldBod, Prince Kwame Minkah, said any persons currently holding licenses previously issued by the now-defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources are permitted to continue purchasing and dealing in gold using those licenses until the new June 21 deadline.
The statement however emphasised that the grace period of June 21, 2025 is final and non-extendable.
“Only holders of a GoldBod license will be allowed to purchase, sell, or deal in gold after June 21, 2025. The use of licenses issued by the defunct PMMC or the Ministry of Lands and Natural Resources will be prohibited beyond this date. A breach of this directive will constitute a punishable offence under the Ghana Gold Board Act, 2025 (Act 1140).”
Despite the one-month extension for trading operations under old licenses, the export function tied to those licenses has been revoked effective immediately. As of May 22, only GoldBod, as a corporate entity, retains the authority to export small-scale gold from Ghana.
This marks a significant shift in gold export control, centralising the process under a single regulatory body.
GoldBod also encouraged all prospective traders and dealers to begin or complete their license applications via its official website, [www.goldbod.gov.gh](http://www.goldbod.gov.gh).
While the application process remains open beyond the June 21 deadline, the agency reiterated that no trading or dealing in gold will be allowed without a valid GoldBod license after that date.
GoldBod further called for continued cooperation from all stakeholders and members of the public as it implements these regulatory reforms aimed at ensuring transparency, accountability, and national interest in the gold sector.
