Chamber of Licensed Gold Buyers hails enactment of GoldBod Act

The Chamber of Licensed Gold Buyers (CLGB) has praised the government. They commend the passage of the Ghana Gold Board (GoldBod) Bill into law. This marks a new chapter for Ghana’s gold industry.

With this legislation, Ghana now has GoldBod as the sole buyer, assayer, and exporter of gold.

Mr. Kwaku Amoah, CEO of CLGB, called it a bold move. He believes it can reshape the gold sector and boost economic growth.

The new GoldBod Act, 2025, creates the Ghana Gold Board. This board will oversee governance, operations, and financial management in the gold industry.

The CLGB recognizes GoldBod's important role in this sector. They support its mission to improve the industry.

“The establishment of GoldBod is an exciting opportunity,” said CLGB in a statement. They aim to work together for national economic benefit.

The CLGB is a trusted association for licensed gold buyers. They promote fair trade practices and responsible mining across Africa.

They are ready to educate their members about the new GoldBod Act. This will help them navigate the new regulations effectively.

“As we enter this new era, we believe GoldBod will be transformative,” Mr. Amoah stated. He is optimistic that it will help stabilize currency and create jobs.

“The law comes at an ideal time,” he added. The CLGB understands that gold trading is sensitive and regulated.

They urge all Ghanaians, especially miners and buyers, to support GoldBod.

“Supporting this initiative maximizes our natural resources' economic potential,” they said in their statement.

Ghana is one of Africa's leading gold producers. The CLGB helps streamline operations for over 500 certified members nationwide.

The Chamber is also ready to partner with GoldBod against gold smuggling.

“This collaboration ensures Ghana's gold resources are accounted for and valued properly,” Mr. Amoah explained.

They plan to offer solutions for policy guidance and address any issues with implementing the GoldBod Act.

Mr. Amoah believes that establishing GoldBod will enhance transparency and regulation in the sector.

“We are committed to supporting government objectives,” he concluded. He looks forward to shared prosperity through this legislation while advocating for sustainable mining practices.