CEO of GoldBod Samuel Gyamfi,
The Ghana Gold Board (GoldBod) has announced the commencement of the renewal process for gold trading licences, introducing fresh eligibility requirements tied to trading volumes and regulatory compliance.
In a public notice dated May 25, 2026, GoldBod said the renewal exercise takes effect immediately and applies to all holders of GoldBod Buying Licences whose permits are due to expire within the next three months.
According to the Board, all renewal applications must be submitted exclusively through its official online licensing portal.
Thresholds
As part of the new assessment process, licence holders will be required to meet minimum trading volume thresholds over the past 12 months before qualifying for renewal.
Under the new criteria, holders of T1 licences must demonstrate a minimum trading volume of two kilograms of gold within the preceding year, while T2 licence holders are expected to record at least five kilograms within the same period.
For Self-Finance Aggregator licence holders, the requirement has been set at a minimum trading volume of one metric tonne over the last 12 months.
GoldBod explained that beyond the trading thresholds, applicants must also prove full compliance with the terms and conditions governing their existing licences and demonstrate that they have not breached any regulatory obligations.
Pending Approval
The Board further indicated that applicants who duly submit their renewal applications and pay the required fees may be permitted to continue trading while their applications are being processed.
However, GoldBod cautioned that it reserves the right to request additional documents or information where necessary to complete the assessment process.
The latest directive forms part of ongoing efforts by the Board to strengthen regulation and oversight within Ghana’s gold trading sector amid increasing concerns over illegal trading, smuggling and compliance challenges.
Industry players have been urged to take note of the new requirements and ensure timely compliance to avoid disruptions in their trading activities.
The Ghana Gold Board was established to regulate and streamline the country’s gold trading sector while improving transparency, accountability and state oversight within the industry.
