Ghana’s Gold Board Act Set to Transform the Mining Landscape
The recently introduced Ghana Gold Board Act, 2025, is set to transform the country’s gold industry, driving a dramatic shift in how Ghana’s most precious mineral resource is traded, developed, and regulated.
The newly created Ghana Gold Board (GoldBod) represents the fulfilment of the manifesto commitment made by President Mahama and the NDC government.
Key Values
Integrity, customer focus, innovation, and accountability and transparency are at the heart of GoldBod’s mission. These are values shared by Afrimex, a company that provides mining support and gold trading assistance services.
GoldBod manages its transactions with the highest regard for best corporate governance practices and integrity to foster mutual trust with its clients. By deploying cutting-edge applications, the regulatory body can provide better solutions to meet evolving market trends and needs.
Furthermore, because it functions as a team with its stakeholders in a competitive, accountable, and transparent ecosystem, the body is better able to achieve its primary objectives. GoldBod is now the sole authority in Ghana with exclusive rights to buy, sell, grade, weight, export, and value gold (and other precious minerals).
The Fight Against Illegal Mining
GoldBod’s key remit is to tackle illegal mining, also known as galamsey. The regulatory body has been granted the authority to enforce strict regulations, impose penalties on offenders, and issue licenses. As a result, it’s designed to disrupt the infrastructure and networks that currently enable these illegal activities to thrive.
The act focuses on increasing traceability and transparency throughout the entire gold value chain, and the establishment of a centralized system to monitor and account for every ounce of the country’s gold. Its overarching aim is to create a landscape that is hostile to the activities of smugglers and illegal miners.
A Catalyst for Change
GoldBod isn’t just a regulatory body; it is a catalyst for change, nurturing economic empowerment and sustainable development to ensure that Ghana’s valuable gold reserves remain the foundation of a prosperous future. As a powerful symbol of the country’s potential, GoldBod represents a new era of growth, opportunity, and integrity in Ghana’s gold mining sector.
Driving Economic Growth and Sustainability
Although only recently introduced, GoldBod has shown its potential to drive ethical economic growth and sustainability. Gold exports from the small-scale mining sector reached 51.5 tons in the first half of 2025, which translates to a value of approximately $5 billion. The same period in 2024 saw exports of 26.4 tons, valued at approximately $1.8 billion, demonstrating the significant impact the regulatory body is already having.
The recently introduced Ghana Gold Board Act, 2025, is set to transform the country’s gold industry, driving a dramatic shift in how Ghana’s