The Ghana Gold Board (GoldBod) has started the process for renewing gold trading licences. This comes into effect on Monday, May 25, 2026. All licence holders whose current licences are ending in the next three months must participate. This affects everyone who buys gold for trading purposes.
GoldBod issued a public notice on May 25, 2026. It explained how businesses must apply. All applications must be sent through the official GoldBod online licensing portal. This is the only way to submit renewal requests. The website for this is www.goldbod.gov.gh/licensing. Businesses should use this platform for their applications.
The board also set new rules on how much gold traders must have bought. These are called minimum trading volume requirements. T1 licence holders need to have traded at least two kilograms of gold in the last 12 months. T2 licence holders must have traded at least five kilograms over the same period. This ensures active participation in the gold market. Self-Finance Aggregator Licence holders have a higher requirement. They must have traded one metric tonne of gold in the previous year.
To get a licence renewed, businesses must follow all licence rules. They must not have broken any regulations. GoldBod will check if applicants respected all terms and conditions of their existing licences. This is part of ensuring a well-regulated gold trading sector in Ghana. The board may also ask for more documents or information. This helps them properly assess each application.
The Ghana Gold Board ensures that businesses can keep working. They can continue operating while their applications are being reviewed. This is allowed as long as the application is submitted correctly. They must also pay all the necessary fees on time. This helps maintain stability in the gold trading industry. The Director of Compliance signed the notice detailing these procedures. The rules aim to boost transparency and efficiency in gold trading.
This move by GoldBod is significant for Ghana's economy. Gold is a major export for the country. It helps bring in foreign currency, which is important for stability. By regulating trading licences and volumes, GoldBod aims to have a clearer picture of the gold market. This can help with better economic planning. The board also wants to ensure that more of the value from gold stays within Ghana. This is a key goal for the government to improve national wealth.