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Goldbod Sets April 30 Deadline for Foreign Investors to Exit Local Gold Market

Sammy Gyamfi appointed acting MD of PMMC and tasked to establish Ghana Gold Board
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The Ghana Gold Board has informed the general public that pursuant to the Ghana Gold Board Act (ACT 1140), 2025, passed by Parliament on 29th March, 2025 and assented to by the President of the Republic on 2nd April 2025, all licenses issued by the Precious Minerals Marketing Company (PMMC) and or the Minister responsible for Mines to a person other than a large scale mining company to deal in gold, have ceased to be valid.

The GoldBod said it is currently the sole buyer, seller, assayer and exporter of all gold produced by the licensed Artisanal and Small-Scale Mining (ASM) sector.

As such, a statement issued on Monday, April 14 signed by Prince Kwame Minkah, Media Relations Officer of GoldBod said no person other than the Ghana Gold Board , is permitted to export ASM gold from Ghana.

Also, no person other than the GoldBod or a licensed buyer or aggregator or service provider of the GoldBod, is permitted to purchase or deal in gold in the country.

Below is the full Statement:

By: Planbfmonline.com

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