The Ghana Gold Board (GoldBod) has issued a stern warning to individuals engaged in gold trading without a valid licence, stating that prosecutions will begin immediately after the June 21, 2025, deadline.
According to Sammy Gyamfi, Chief Executive Officer of GoldBod, there will be no further extensions beyond the one-month grace period previously granted.
Speaking during a meeting with the Chamber of Licensed Gold Buyers, Gyamfi stressed the government’s resolve to ensure compliance.
“Anybody who becomes a standing block will be dealt with in accordance with the laws of Ghana. Kindly encourage your members to play by the rules; apply for a licence, then you can trade in gold,” he said.
In response, Kwaku Amoah, CEO of the Chamber of Licensed Gold Buyers, expressed the chamber’s commitment to supporting the initiative.
He urged all members to register before the final deadline, emphasizing the importance of adhering to regulatory measures aimed at sanitising the gold trading sector.
“This is the second time we have had an extension… We are in to encourage them to drive that force and urge all the members to register on or before June 21, 2025,” Amoah stated.
