Els: MBN360 Business
The Ghana Gold Board (GoldBod) has suspended new applications for Tier 1 and Tier 2 buying licenses, as well as the Self-Financing Aggregator License, as part of a strategic reform process to strengthen Ghana’s gold trading regime. The Aggregator License will be the only gold trading licensing category open for new applications during this period.
In a statement issued on Monday, 16th February, management announced that the suspension applies to new applications for Tier 1, Tier 2, and Self-Financing Aggregator licences.
According to the Board, the Aggregator Licence remains the only category currently open to new applicants during this interim period.
Read also:
- Ghana Intensifies Cross-Border Cybersecurity Collaboration to Combat Online Abuse
- Kojo Antwi reveals he finds inspiration for his music at night
- Public cautioned against sharing graphic images of slain Ghanaians in Burkina Faso
- Ghanaian artistes must acknowledge their true calling to succeed in the industry – Kwaw Kesse
- Police seize huge tramadol consignment, five arrested after GHC50,000 bribe attempt
GoldBod clarified that applications submitted prior to the date of the announcement will continue to be processed. The Board stated it would expedite the review of these pending applications provided that applicants meet all regulatory requirements and have fulfilled the necessary payment obligations.
The directive is part of broader measures to facilitate impending changes to the national gold trading framework. The Board indicated that the forthcoming reforms are intended to enhance transparency, improve regulatory compliance, and strengthen traceability within the gold-buying ecosystem.
Management stated its commitment to collaborating with stakeholders across the value chain to develop a competitive trading regime that safeguards the national interest.
Further updates on the reform process and the revised licensing framework are expected to be released in due course.
