The Ghana Gold Board's (Goldbod) extended deadline for gold traders with outdated licences to reapply under its new regulatory framework will expire tomorrow, May 21.

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At a press briefing held on Wednesday, April 30, acting Chief Executive Officer of Goldbod, Sammy Gyamfi, revealed that many license holders under the defunct Precious Minerals Marketing Company (PMMC) and the Ministry of Lands and Natural Resources had not completed the reapplication process.

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“But we know that most of you have not been able to apply at all. We can also see from the back end of our website and the license application portal that some of you have started the process of applying but have not yet completed the application process,” he said.

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The May 21 deadline will not be extended, Mr Gyamfi noted.

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“This new deadline of 21st May 2025 is not subject to further extension. It will not be extended… By the 21st of this month, only persons who have been granted licenses by the Gold Board will be tolerated in the gold trading sector.

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"If you are a Ghanaian and you hold a license under PMMC or the ministry responsible for mines and you don't take steps to apply for a new license before the 21st, you will be committing a punishable criminal offense if caught to be trading in gold after the 21st of May,” he said.

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The three-week grace period given, according to GoldBod, was appropriate to accommodate those still in the process.

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“We believe that this is fair, and this time frame should be adequate for anybody who is serious and desirous of applying for a Gold Board license to do so,” he explained.

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Under the new Ghana Gold Board Act, all previously issued licences for gold trading have been rendered void.

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Traders who wish to stay in business must submit fresh applications via the Goldbod website.

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Applicants have been advised to pay attention to detail when filling out the forms, as inaccuracies could lead to disqualification.

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“If you make serious omissions or errors in the application, it will go against you in terms of the decision that the Gold Board will take on that application,” Mr. Gyamfi warned.

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