Effective Monday, August 18, 2025, all licensed gold buyers in Ghana have been mandated to issue official receipts provided by the Ghana Gold Board (GoldBod) for every gold transaction. This new directive applies to all categories of licensed operators, including aggregators, self-financed aggregators, as well as Tier 1 and Tier 2 buyers.
The use of GoldBod-issued receipt booklets has now become a critical requirement for the validity of any gold purchase or sale in Ghana. According to the Gold Board, this move forms part of a broader enforcement drive aimed at tightening regulation in the sector, reducing illegal trade, and improving accountability in the country’s multi-billion-dollar gold industry.
In a press release, GoldBod emphasized that official receipts will not only serve as proof of legal transactions but also help track the movement of gold within the supply chain. This effort comes amid longstanding challenges of illegal mining and unregulated trading that have cost Ghana significant revenue and undermined environmental and social standards.
To ensure strict compliance, GoldBod has deployed a taskforce and field inspectors nationwide. Licensed buyers are required to keep their receipt booklets readily available for inspection and must cooperate fully with the monitoring teams. The Board has also warned that non-compliance will be treated as a serious offence, with possible sanctions including the suspension or outright revocation of trading licenses.
Small-scale miners and gold traders have also been urged to insist on the issuance of receipts for every purchase, as this measure will help protect them from fraudulent practices and ensure they remain within the framework of legal trade.
Furthermore, GoldBod advised licensed buyers who do not yet have receipt booklets to contact its Licensing and Regulatory Unit immediately to avoid falling foul of the new policy. By enforcing this directive, the Board aims to build a more transparent, traceable, and accountable gold market in Ghana, while safeguarding the interests of legitimate buyers, sellers, and the national economy.
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