Does the GoldBod charge the BoG fees for its services?

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Answer: Yes.

a. The GoldBod charges the BoG a statutory assay fee of 0.258% and a service charge of 0.5% for its services.

b. These fees predate the establishment of the GoldBod. They were inherited by the GoldBod from the PMMC’s 2023 Gold Purchase contract with the BoG.

c. As a non-subvented public corporation, these fees, in addition to license fees and other IGFs, assist the GoldBod to carry out its operations.

d. Before 2025, the operational framework of the ASM G4R programme was characterized by the

following:

v. The PMMC and a private entity, Red Sapphire, served as BoG’s aggregators, each earning an agent service charge of 0.5%.

vi. PMMC charged a statutory assay fee of 0.258%, a standard fee on all ASM gold exports.

vii. Off-taker discounts offered by BoG initially stood at 2.25%. This was later reduced to about 1.25% in the last quarter of 2024. This discount has been further reduced in 2025 to 1.1%.

viii. In December 2025, the BoG secured an agreement with the GoldBod to reduce its agent service charge to 0.4% and the assay fee to 0.2%.

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Bank of Ghana

Goldbod