Sammy Gyamfi, the Managing Director of the Precious Minerals Marketing Company (PMMC), has expressed hope that the Ghana Gold Board Bill 2025 will be passed by Parliament before it goes on recess.
The bill, which aims to regulate the buying, selling, and export of gold, is expected to play a key role in formalizing the country’s gold trade and providing economic benefits.
In an interview with Joy News, Sammy Gyamfi praised the extensive consultations and rigorous review process the bill has undergone. He revealed that members of Parliament have been thoroughly engaged in the process, with extensive back-and-forth discussions over the last few days. According to Sammy Gyamfi, the bill has been scrutinized "line by line, clause by clause," with numerous amendments made to ensure its effectiveness and watertight nature.
“There’s been a lot of work put into this bill,” he said. “The cooperation from the Joint Parliamentary Committee, the Finance Committee, and the Committee on Lands and Natural Resources has been outstanding. One of the members of Parliament even told me that they’ve never seen a bill go through such detailed scrutiny in recent years. The last few days have been intense, but I’m optimistic that the bill will be passed before Parliament rises for the Easter recess.”
"We are hoping that by next week, it will be approved for us because the cedi keeps depreciating and we need to bring that under control, so that Ghanaians can have some respite," he added.
Gold Board Bill 2025
The Ghana Gold Board Bill 2025 seeks to establish the Gold Board, a regulatory body that will oversee the buying, selling, and export of gold in the country. One of the key aims of the bill is to formalize gold trading within the small-scale mining sector, improve traceability, and support Ghana’s efforts to secure certification from the London Bullion Market Association (LBMA), an accreditation that would enhance the country’s position in the international gold market.
Following its introduction, First Deputy Speaker Bernard Ahiafor referred the bill to the Finance and Lands and Natural Resources Committees for further review and reporting.
“Honourable members, the Ghana Gold Board Bill 2025 is presented and read for the first time and accordingly referred to the Finance Committee for consideration and reports,” he announced.