Parliament passes Ghana Gold Board Bill 2025

Parliament has approved the Ghana Gold Board Bill 2025, establishing the Gold Board to regulate the gold industry, enhance transparency, and boost foreign exchange reserves.

The board will oversee gold purchases, sales, and exports, aiming to stabilize the cedi.

However, the Minority fiercely opposed the bill, alleging it legitimizes illegal mining, or ‘galamsey.’ They staged a walkout after First Deputy Speaker Bernard Ahiafor rejected their request to reconvene at a later time.

Minority Leader Alexander Afenyo-Markin criticized the government for allocating GHC4.6 billion to the initiative, arguing it contradicts efforts to curb illegal mining.

Meanwhile, Majority Leader Mahama Ayariga defended the bill as a historic step forward, asserting that Parliament’s swift passage marked the dawn of a “24-hour economy.”