Parliament is anticipated to enact the Ghana Gold Board Bill 2025 into law, provided there are no unexpected obstacles before the Easter recess commences today, Friday, March 28.
This proposed legislation is viewed as a significant move towards the regulation of Ghana’s gold industry, with the objectives of enhancing transparency, improving traceability, and boosting foreign exchange revenues from this crucial sector.
The Bill has attracted considerable attention as it aims to establish the Ghana Gold Board (GOLDBOD), an organization responsible for overseeing and regulating the purchase, sale, and export of gold within Ghana.
Sammy Gyamfi, the Managing Director of the Precious Minerals Marketing Company (PMMC), expressed optimism regarding the bill’s timely passage.
In an interview, Gyamfi noted that extensive consultations and discussions had taken place during the drafting phase to ensure the bill effectively addressed the intricate dynamics of the gold industry.
He highlighted the significant progress made by Parliament, specifically mentioning that over 40 amendments have been proposed and integrated into the bill.
Additionally, he indicated that the previous iteration of the bill was withdrawn to accommodate these amendments, demonstrating Parliament’s commitment to refining the legislation prior to its approval.
Gyamfi also mentioned that, based on current developments, the bill is likely to be approved by Parliament before the Easter break.
“We have introduced more than 40 amendments to the bill in Parliament, and the previous version has been withdrawn. From what I am hearing, the bill should be passed before Parliament adjourns for Easter.”
“The Finance Committee of Parliament has performed admirably, and they deserve our commendation.”
