President Mahama assents Ghana Gold Board Bill into law
President John Dramani Mahama has officially signed the Ghana Gold Board Bill into law, marking a significant step in the country’s efforts to regulate and streamline the gold sector.
The newly enacted Ghana Gold Board Act, 2025 establishes the Ghana Gold Board, which will oversee the governance, operations, and financial management of the gold industry.
The law aims to enhance transparency, ensure efficient resource management, and promote sustainable mining practices.
Key provisions of the Act include the formation of a governing body, the appointment of a Chief Executive Officer, and the creation of financial structures to support small-scale miners.
The law also provides for tax exemptions and borrowing powers to enhance the Gold Board’s operations.
Acting Managing Director of the Precious Minerals Marketing Company, Sammy Gyamfi has emphasised the importance of the new legislation in driving growth and stability in Ghana’s gold industry.
“This Act will serve as a critical framework for boosting investor confidence and ensuring that Ghana derives maximum benefits from its gold resources,” he earlier stated before its passage in Parliament on March 28, 2025.
The passage and assent of the Bill is expected to strengthen public-private partnerships in the mining sector while creating job opportunities and improving regulatory oversight.
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