President Mahama signs Goldbod Bill into law

President John Dramani Mahama has signed the Goldbod Bill, 2025. This law is a crucial step for Ghana's gold sector.

The new legislation aims to formalize the industry and improve transparency. It also seeks to foster economic growth in the country.

Under this law, the Ghana Gold Board will ensure gold traceability. It will help curb illegal mining activities and promote sustainable practices.

This move addresses long-standing challenges in the sector. It aims to enhance gold's contribution to the national economy.

A key provision of the law is the GoldBod initiative. The Gold Board will be the sole buyer of gold from licensed small-scale miners. This system ensures fair prices and improved working conditions for miners.

The new law also prioritizes environmental protection. The government wants to balance economic development with sustainability. The Gold Board will lead efforts to reduce environmental harm from mining.

Overall, the Ghana Goldbod Bill aims to revamp the gold sector. It focuses on better governance, environmental protection, and fair opportunities for small-scale miners.