| GoldBod | |
| Agency overview | |
|---|---|
| Formed | 2025 |
| Jurisdiction | Government of Ghana |
| Headquarters | Accra, Ghana |
| Minister responsible |
|
| Agency executive |
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| Parent department | Ministry of Lands and Natural Resources (Ghana) |
| Website | goldbod.gov.gh |
The Ghana Gold Board (commonly known as GoldBod) is a government-owned entity established under the GoldBod Act in March 2025. [1] It operates under the Ministry of Lands and Natural Resources and is authorized to buy, assay, sell, and export gold and other minerals produced by licensed artisanal and small-scale miners (ASM) in Ghana. [2] [3]
On 28 March 2025, Parliament passed the GoldBod Bill, which was subsequently signed into law by President John Dramani Mahama. [4] [5] [6] The legislation, introduced by the Ministry of Finance, aimed to restructure the country’s gold sector by establishing GoldBod as a regulatory body with authority over gold trading and export activities involving artisanal and small-scale miners. [7]
During the passage of the bill, Finance Minister, Cassiel Ato Forson described the legislation as "transformative", stating that it aims to regulate the entire gold value chain, from extraction to export. [8]
The Ghana Gold Board (GoldBod) was established with a mandate to purchase gold from licensed artisanal and small-scale miners (ASM) in Ghana, with the stated goal of reducing smuggling and improving traceability. According to the 2025 national budget, the Board was allocated a revolving fund of US $279 million to support its operations, including the weekly purchase and export of up to three tonnes of gold. [9] In addition to trading, GoldBod is tasked with contributing to Ghana’s foreign exchange strategy by supporting gold reserves and facilitating local gold retention. [10] The Board also oversees activities across the gold value chain, such as refining and marketing, and works toward compliance with international standards like those of the London Bullion Market Association (LBMA). [11]
GoldBod is overseen by a board appointed by the Ministry of Lands and Natural Resources and funded through government appropriations and gold purchase revenue.