a. Bawa-Rock is a limited liability company incorporated under the laws of Ghana in the year 2015 with the principal activity of dealing in precious minerals, among others.

This fact can easily be verified at the Registrar General’s Department. The claim that Bawa-Rock was incorporated in 2025 is therefore FALSE.

b. Bawa-Rock was licensed by the defunct PMMC to trade in gold as far back as 2016 and continued to renew its PMMC license annually until 2025, when the GoldBod Act (ACT 1140) revoked all PMMC licenses.

c. In 2025, Bawa-Rock was licensed by the GoldBod as an Aggregator of the GoldBod.

d. Bawa-Rock was one of the main suppliers of gold to Aggregators under the Gold For Reserve Programme of the Minerals Income Investment Fund (MIIF) and BoG between 2023 and 2024.

Is Bawa-Rock the only licensed buyer who buys gold for the GoldBod?

The GoldBod operates a 4-tier licensed buying regime, namely: Tier 1, Tier 2, Aggregator and Self-Financing Aggregator

licenses. All these licensees buy gold for the GoldBod. Overall, the GoldBod in the year 2025 approved and issued 900 buying licenses.

b. Below are the number of licenses issued by the GoldBod in its first year of operation under each of its buying license categories: