The Ghana entry for the regulatory information database has been updated with the information pertaining to the Ghana Gold Board Bill 2025, signed into law on 2 April 2025.
Summary of changes:
Under Ghana Gold Board Bill 2025, only state body Ghana Gold Board (GoldBod) has the authority to buy, sell and export gold produced by small-scale and artisanal miners, thus banning foreigners from trading in the local gold market.
On 18 April 2025, the government took operational control of the Damang gold mine, following the expiration and non-renewal of the permit owned by South African firm GoldFields. The government justified the non-renewal of the license by alleging GoldFields committed several regulatory and operational failings. However, the decision also points to Ghana’s agenda of an “economic reset”, whereby the state wants to extract more value from its natural resources. (Mining.com]