Upon a series of debates and corrections, Parliament has finally passed the much-anticipated GoldBod Bill today, March 29, 2025.
The Act established the Ghana Gold Board to oversee, monitor, and undertake the buying, selling, and export of gold and other precious minerals.
The First Deputy Speaker of Parliament, Bernard Ahiafor, adopted the bill after a vote, with the Majority in Parliament supporting the motion.
“I am thrilled to announce that the GoldBod Bill has been officially passed.”- First Deputy Speaker of Parliament, Hon. Bernard Ahiafor.
The Finance Minister, Ato Forson, added that Ghana earns significant foreign exchange from gold, yet the full benefits of this valuable resource have remained limited, often at a great environmental cost.
The GoldBod will change this by ensuring Ghana harnesses the entire gold value chain: from extraction to refining, value addition, and marketing, both locally and internationally.
This will create jobs, increase revenue, and ensure Ghana fully benefits from its natural wealth.
This is a great step towards a stronger, more self-sufficient economy. The future of Ghana’s gold industry has never been brighter!” He concluded.
