Parliament is set to pass the Ghana Gold Board (GOLDBOD) Bill 2025 into law today, Friday, March 28, before proceeding on its Easter recess, provided there are no unforeseen hurdles.

The bill is considered a significant step toward regulating Ghana’s gold industry, with a focus on enhancing transparency, strengthening traceability, and boosting foreign exchange earnings from the sector.

The proposed legislation, which has attracted widespread attention, aims to establish the Ghana Gold Board (GOLDBOD), a body that will oversee and regulate gold transactions, including buying, selling, and export.

Sammy Gyamfi, Managing Director of the Precious Minerals Marketing Company (PMMC), has expressed optimism about the bill’s approval.

Speaking to Joy News, Sammy Gyamfi revealed that the drafting process involved extensive consultations and engagements to ensure the bill effectively addresses the challenges of the gold industry.

He pointed out that Parliament has made significant strides, incorporating over 40 amendments into the bill.

Additionally, he disclosed that the previous version of the bill was withdrawn to accommodate these amendments, highlighting Parliament’s dedication to refining the legislation before its passage.

Based on current developments, Sammy Gyamfi is confident that the bill will be passed before Parliament adjourns for Easter.

“We have made more than 40 amendments to the bill and relayed it in Parliament and the old one had been withdrawn. From the indications that I am getting, the bill will be passed before Parliament breaks for the Easter.”

“The Finance Committee of Parliament has done a good job and we need to commend them.”