President John Dramani Mahama has signed the  Goldbod Bill, 2025, into law, marking a crucial step towards regulating the country’s gold sector.

The new legislation aims to formalize the industry, improve transparency, and foster economic growth.

The Ghana Gold Board, established under the new law, will play a pivotal role in ensuring the traceability of gold, curbing illegal mining activities, and encouraging sustainable mining practices.

This move is expected to address long-standing challenges within the sector and enhance its contribution to the national economy.

One of the key provisions of the law is the establishment of the GoldBod initiative, under which the Gold Board will serve as the sole buyer of gold from licensed small-scale miners.

This system is designed to ensure that miners receive fair prices while also working under improved conditions.

In addition to economic regulation, the new law prioritizes environmental protection.

The government is committed to balancing economic development with sustainable practices, and the Gold Board will lead efforts to minimize environmental harm associated with gold mining.

The Ghana Goldbod Bill represents a strategic effort to revamp the gold sector by ensuring better governance, protecting the environment, and providing fair opportunities for small-scale miners.