Parliament Approves Ghana Gold Board Bill, Amid Minority Criticism
Accra, Ghana - 29 March, 2025 - Ghana's Parliament has passed the Ghana Gold Board Bill 2025, paving the way for a revolutionary overhaul of the country's gold industry.
The bill, hailed as a landmark legislation by Majority Leader Mahama Ayariga, aims to regulate the industry, enhance transparency, and boost foreign exchange earnings.
According to Finance Minister Dr. Cassiel Ato Forson, the GoldBod is set to transform Ghana's economic history by harnessing the entire gold value chain, from extraction to refining, value addition, and marketing. This is expected to create jobs, increase revenue, and ensure that Ghana fully benefits from its natural wealth.
The Gold Board, established by the bill, will oversee the purchase, sale, and export of gold, generating revenue to stabilize the cedi.
However, the minority caucus has criticized the bill, arguing that it promotes illegal mining activities, also known as 'galamsey'.
Despite the criticism, the bill was approved by a majority decision, with the Majority Leader praising the legislation as a significant step towards a stronger, more self-sufficient economy. T
he passage of the bill marks a major milestone in Ghana's efforts to revamp its gold industry and maximize its economic benefits.
Source: Lead News Online
