Parliament passes Ghana Gold Board Bill 2025

Despite criticism from the minority caucus, Parliament has passed the Ghana Gold Board Bill 2025, establishing the Gold Board on Friday, March 28.

The Goldbod is seeking to regulate the gold industry, enhance transparency and traceability, and boost foreign exchange earnings. It will oversee the purchase, sale, and export of gold, generating revenue to stabilize the cedi.

The Minority had argued that the bill promotes illegal mining activities, also known as ‘galamsey’, the house approved the bill by a majority decision.

The Majority Leader Maham Ayariga, said on the floor of Parliament that “Mr. Speaker, this is a landmark legislation. And those of us who sat through the night to the morning to pass this historic legislation Bill should be proud of ourselves. We have vindicated the trust and confidence Ghanaians reposed in us.

“Indeed, the 24-hour economy has started in this chamber.”

According to the government, the board will play a crucial role in formalising gold trading within the small-scale mining sector, improving traceability, and advancing efforts to secure London Bullion Market Association (LBMA) certification.

Following its introduction, First Deputy Speaker Bernard Ahiafor referred the bill to the Finance and Lands and Natural Resources Committees for further review and reporting.

“Honourable members, the Ghana Gold Board Bill 2025 is presented and read for the first time and accordingly referred to the Finance Committee for consideration and reports,” he announced.

The Minority in Parliament walked out before the consideration of the Ghana Gold Board Bill 2025.

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