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The Ghana Goldbod Bill, 2025 was formally signed into law by President John Dramani Mahama on Wednesday, April 2, 2025, marking a major turning point in the nation’s attempts to control the gold industry.
This action is a component of larger initiatives to formalize the sector, improve openness, and boost the economy. In order to guarantee the traceability of gold, lessen illicit mining, and encourage sustainable methods, the Ghana Gold Board will be essential.
Through the GoldBod initiative, the Gold Board will also be the exclusive purchaser of gold from authorized small-scale miners under the new law, guaranteeing fair prices and improved working conditions for miners.
More environmentally friendly mining methods are also being pursued by the Ghana Gold Board Act. The government emphasizes the significance of striking a balance between environmental preservation and economic progress, and the Gold Board will lead the charge in advancing policies that reduce harm to the environment.
The government is laying the groundwork for a revolutionary new era in the nation’s gold industry with the enactment of the Ghana Gold Board Act.
Source: Ghanatodayonline.com
