Audio By Carbonatix
Answer: No.
a. The GoldBod is barely eight months old. It had to put in place the necessary institutional and operational framework before full take off.
b. Currently, the GoldBod serves as an aggregator for the BoG in the local ASM and large-scale gold sectors. Since its inception in 2025, the GoldBold has only been responsible for the local purchase, assay and export of gold (both ASM gold and large-scale gold) for the Bank of Ghana.
c. The GoldBod is yet to assume its external gold trading and selling function. This is not in any way a dereliction of duty but rather, a sensible gradual approach to the implementation of GoldBod’s mandate.
This is why the GoldBod did not draw down its revolving seed capital of GHS4.5 billion approved for it in the 2025 budget.
d. The GoldBod is working with the BoG and Ministry of Finance to transition and assume full control over the gold trade sector as envisioned by ACT 1140 effective January 2026.
Under this new arrangement, the GoldBod will be solely responsible for the buying, assaying, export, trading and selling of Ghana’s gold resources, with support from the Ministry of Finance and the Bank of Ghana.
Latest Stories
-
“We don’t have the money to pay” – Finance Minister tells financial sector victims
17 seconds -
ORAL: Prosecution closes its case in Skytrain trial
53 seconds -
Armwrestling – Prisons Boss Baffoe-Bonnie hosts officers to a luncheon
10 minutes -
GH¢10bn still unpaid as Mahama misses promise to locked-up fund victims
18 minutes -
Socrate Safo Speaks: When Battles come in Winter, a lesson from Prophet Badu Kobi’s predicament
24 minutes -
Samuel Jinapor raises concerns over Abronye DC’s continued detention, warns against ‘culture of silence’
43 minutes -
GFA, Metro Mass Transit seal partnership to transform football transport and fan experience
56 minutes -
Tension mounts in Asante Mampong NPP over alleged voters register irregularities
56 minutes -
Economic activity strengthens in quarter one 2026, but business, consumer sentiments soften – BoG
57 minutes -
Health Ministry congratulates Mintah Akandoh on election as WHO Committee B Chairman
58 minutes -
Licensed mining firm cries foul over illegal occupation of concession at Wasa Dadieso
1 hour -
Selective Outrage and the Struggle for Principle in Ghana’s Democracy
1 hour -
Wa West records 37.9% reduction in poverty through interventions by MP Peter Toobu
1 hour -
Ghana’s tax architecture more data and enforcement driven than any point in modern history – Tax report
1 hour -
GCB Bank backs Timeline & Innovations LTD with heavy-duty fleet to boost Ghana’s “Big Push” agenda
1 hour