The Ghana Gold Board (GoldBod) has directed all foreign nationals involved in the local gold trading market to cease operations and exit the sector by April 30, 2025.

According to a statement from the Board on April 14, 2025, foreigners will no longer be permitted to participate in local gold buying. However, they may apply to buy or off-take gold directly from GoldBod through official channels.

"All foreigners are hereby notified to exit the local gold trading market not
later than April 30, 2025. A foreigner may however apply to the GoldBod to
buy or off-take gold directly from the GoldBod," the statement read.

The directive forms part of the implementation of the Ghana Gold Board Act, 2025 (Act 1140), which seeks to streamline and formalize gold trade in the country.

Effective May 1, 2025, it will be a criminal offense for any individual or entity to purchase or deal in gold without a license issued by GoldBod.

The Board has also warned that strict penalties will apply to violators.

The new law aims to eliminate illegal trading, boost transparency, and ensure that Ghana benefits fully from its gold resources.

For Immediate Release pic.twitter.com/dZt7cAvZpC

— Ghana GOLDBOD (@GhanaGOLDBOD) April 14, 2025