The Ghana Gold Board (GoldBod) has initiated fresh regulatory measures aimed at tightening control over Ghana’s gold value chain, following a strategic engagement with members of the Jewellers and Fabricators Association of Ghana.
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At the centre of the discussions were new gold purchasing directives and jewellery licensing reforms designed to strengthen formalisation, improve traceability, and curb unauthorized gold trading activities within the country’s lucrative gold sector.
Chief Executive Officer of GoldBod, Sammy Gyamfi Esq., made it unequivocally clear that jewellers operating within Ghana are licensed strictly as fabricators and not as gold buyers or traders. He cautioned that direct purchases of gold from miners and unapproved dealers violate regulatory frameworks and threaten the integrity of ongoing reforms in the sector.
According to him, the move forms part of a broader national effort to sanitise the gold trade, reduce leakages, and ensure Ghana derives maximum value from its mineral resources.
In a significant boost for local value addition, GoldBod announced plans to supply refined gold and silver directly to licensed jewellers. This initiative is expected to commence following the start of local refining operations in partnership with the Gold Coast Refinery.
Under the new directive, which takes effect in March 2026, licensed jewellers will be permitted to purchase gold from GoldBod in standardised weights of 7.75 grams, 15.5 grams, and 31 grams. However, all purchases will be strictly subject to licence verification processes.
The engagement is widely viewed as a major step towards safeguarding Ghana’s gold industry while promoting transparency, compliance, and sustainable growth within the jewellery manufacturing sector.
Industry watchers say the reforms could significantly reshape Ghana’s gold ecosystem by strengthening regulatory oversight and encouraging value addition within the country rather than exporting raw gold.
GoldBod maintains that the initiative aligns with government’s broader agenda to formalise the small-scale mining and gold trading space while ensuring the sector contributes optimally to national economic development.
