Saturday, June 21, marks the deadline for gold traders with outdated licences to reapply under Ghana Gold Board's (Goldbod) new regulatory framework.

The May 21 deadline, which was reported to be the final extension, was extended to June 21 following concerns by stakeholders.

According to GoldBod's Acting Chief Executive Officer (CEO), Sammy Gyamfi, "this new deadline is not extendable."

The use of a license issued by the defunct PMMC and/or the Ministry of Lands and Natural Resources to deal in gold is prohibited beyond the new non-extendable deadline of June 21.

A breach of this directive shall constitute a punishable offense under the Ghana Gold Board Act, 2025 (ACT 1140).

Under the new Ghana Gold Board Act, all previously issued licences for gold trading have been rendered void. Traders who wish to stay in business must submit fresh applications via the Goldbod website.

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

“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.

Goldbod will oversee the gold sector, tackle illegal trade, and promote responsible sourcing in line with global standards such as the London Bullion Market Association (LBMA) certification.

The Minister for Finance, Dr Cassiel Ato Forson, has established the newly constituted Board of Directors of the Ghana Gold Board (GoldBod).

Dr Forson extended President John Dramani Mahama's congratulations to the 13-member board led by Mr Kojo Fynn.

The sector minister also called on the board to deliver their mandate and enhance the country's gold trade, ensure transparency in dealing, and aid the government's economic recovery efforts.