The Ghana Gold Board (GoldBod) has commenced nationwide enforcement of the mandatory use of GoldBod receipts by all licensed buyers in the purchase and sale of gold in Ghana.
The issuance of the receipts by licensed aggregators, self-financed aggregators, Tier 1, and Tier 2 buyers is a compulsory requirement for gold trading and a critical condition for the validity of all transactions.
A statement issued in Accra on Monday, signed by Mr Prince Kwame Minkah, the Media Relations Officer of GoldBod, said the Taskforce and Field Inspectors had been deployed across the country to ensure full compliance.
All licensed buyers were required to make their receipt booklets available for inspection and cooperate fully with the inspection teams, it said.
GoldBod advised all licensed small-scale miners and gold traders to insist on the issuance of its receipts for every purchase transaction undertaken with licensed buyers.
“Licensed buyers are reminded that the non-issuance of GoldBod receipts constitutes a serious offence and may attract severe sanctions, including the suspension and/or revocation of their license,” it added.
The statement noted that for any assistance in obtaining GoldBod receipt booklets, licensed buyers should contact the GoldBod License/Regulatory Unit.
It expressed the Board’s appreciation for the cooperation of all licensed buyers in upholding transparency and integrity in Ghana’s gold trade so far.
“Together, we can strengthen the sector for the benefit of all stakeholders,” it added.
Source: GNA
The post Ghana Gold Board enforces use of GoldBod receipts by licensed buyers appeared first on Ghana Business News.
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