Parliament is expected to pass the Ghana Gold Board Bill 2025 into law, barring any unforeseen challenges before it goes on the Easter break today, Friday, March 28.
This legislation is seen as a step towards regulating the gold industry in Ghana, aiming to enhance transparency, improve traceability, and increase foreign exchange earnings from the vital gold sector.
The Bill, which has garnered considerable attention, seeks to establish the Ghana Gold Board (GOLDBOD), an entity tasked with overseeing and regulating the buying, selling, and export of gold in Ghana.
Sammy Gyamfi, the Managing Director of the Precious Minerals Marketing Company (PMMC), expressed confidence that the bill is on track for passage.
In an interview with Joy News, Sammy Gyamfi disclosed that there had been extensive consultations and engagements throughout the drafting process to ensure that it is well-equipped to address the complex dynamics of the gold industry.
He stated that there had been substantial progress made by the members of Parliament, specifically pointing out that over 40 amendments had been proposed and incorporated into the bill.
He further disclosed that the previous version of the bill had been withdrawn to make way for these amendments, indicating a clear commitment by Parliament to refine the legislation before its passage.
Sammy Gyamfi also revealed that, based on current indications, the bill is expected to be passed by Parliament before it breaks for the Easter recess.
“We have made more than 40 amendments to the bill and relayed it in Parliament and the old one had been withdrawn. From the indications that I am getting, the bill will be passed before Parliament breaks for the Easter.”
“The Finance Committee of Parliament has done a good job and we need to commend them.”
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