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Ghana launches GOLDBOD to formalize gold trade from small-scale miners by March 8, 2025.
Ghana is set to launch the Ghana Gold Board (GOLDBOD) by March 8, 2025, to streamline gold purchases from small-scale miners, increase earnings, and reduce smuggling.
The board, announced by Finance Minister Dr. Cassiel Ato Forson, will act as the sole buyer, assayer, seller, and exporter of gold from these miners.
It aims to formalize the gold trading sector, enhance traceability, and pursue certification from the London Bullion Market Association (LBMA) to ensure adherence to human rights and environmental standards.
A 21-member Technical Committee has been established to develop the legal and operational framework for GOLDBOD.