The Chamber of Licensed Gold Buyers (CLGB) has commended the Ghana Gold Board (Gold Bod) for extending the deadline to transition to its new gold trading licensing regime to June 21, 2025.
The extension allows companies and individuals operating under licenses previously issued by the defunct Precious Minerals Marketing Company (PMMC) or the Ministry of Lands and Natural Resources to continue trading until the new deadline.
Gold Bod made the decision following petitions from stakeholders requesting more time to comply with the updated regulatory requirements.
The board stated that after June 21, only entities licensed under the new Gold Bod framework will be legally allowed to trade or export gold in Ghana, per the Ghana Gold Board Act, 2025 (Act 1140).
From May 22, 2025, all export rights under the old licenses ceased, with Gold Bod now the sole entity authorized to export gold on behalf of dealers.
Gold Bod clarified that although applications for the new license will still be accepted after the deadline, applicants cannot operate until the license is officially granted.
CLGB CEO Kwaku Amoah praised the move as a practical and collaborative gesture that gives traders the time needed to adapt without harming their businesses.
He emphasized the Chamber’s commitment to working with Gold Bod and other regulatory bodies to promote ethical and transparent mineral trading in Ghana.
The CLGB urged all current license holders to take advantage of the grace period to regularize their operations under the new framework.