The Ghana Gold Board has extended the deadline for Ghanaian gold dealers with old Precious Minerals Marketing Company (PMMC) or Ministry-issued licenses to reapply under the new regime. The new date is now May 21, 2025.
Speaking at a press briefing on Wednesday, April 30, the acting Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, said, “We gave all PMMC license holders and holders of licenses issued by the minister responsible for mines an ultimatum that expires today, April 30, to apply for new licenses under the Ghana Gold Board Act.”
However, acknowledging that many applicants have not completed the process, Gyamfi announced a three-week extension. “We’ve decided to extend the timeframe for you to apply for a new Gold Board license, from today, April 30, 2025, to May 21, 2025.”
The new Ghana Gold Board Act renders all previous gold trading licenses invalid. Gyamfi urged Ghanaians who wish to remain in the trade to apply immediately via the official portal ((link unavailable)).
Applicants must pay a fee, create an account, and fill out application forms accurately. Gyamfi warned that errors or omissions may result in disqualification.
The deadline will not be extended further. After May 21, 2025, only persons granted licenses by the Gold Board will be allowed to trade gold.
The Ghana Gold Board initiative was first conceptualized under the National Democratic Congress (NDC) government led by John Mahama. The aim was to create a more regulated and transparent gold trading sector, ensuring that Ghanaians benefit directly from the country’s gold resources.
During his tenure, President Mahama emphasized the importance of maximizing the benefits of Ghana’s natural resources for the country’s development. The establishment of the Gold Board was part of this vision, seeking to streamline gold trading and ensure that local traders and miners receive fair value for their produce.
The Gold Board’s mandate includes regulating gold trading, promoting local content, and ensuring that the gold sector contributes significantly to the country’s economy. These objectives align with the NDC’s policy direction under John Mahama’s leadership, which focused on economic transformation and wealth creation for Ghanaians.
The current implementation of the Gold Board Act continues the work started under the previous administration, with the aim of creating a more organized and beneficial gold trading sector for all stakeholders involved.
