Ghana Gold Board Suspends Gold Buying License Applications Amid Regulatory Overhaul
The Ghana Gold Board (GoldBod) has announced a temporary suspension of applications for specific categories of gold buying licenses, effective immediately. The move is part of a strategic reform process aimed at strengthening and modernizing Ghana’s gold buying regime.
The suspension affects new applications for Tier 1 and Tier 2 buying licenses, as well as the Self-Financing Aggregator License. However, the Aggregator License will remain open for new applications during this period.
According to the statement, GoldBod will continue to process applications already submitted prior to the announcement, and expedite the review and issuance of pending buying licensing applications, provided applicants meet all regulatory requirements and have fulfilled the necessary fee obligations.
The reforms are designed to enhance transparency, improve compliance, strengthen traceability, and ensure greater value retention within Ghana’s gold trading ecosystem. GoldBod remains committed 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.
