Finance Minister Cassiel Ato Forson has presented the GOLDBOD Bill, 2025 to Parliament, paving the way for a transformative overhaul of Ghana’s gold industry. This groundbreaking legislation promises to streamline gold purchases, trade, and exports, while also boosting value addition and positioning Ghana as a major player in the global gold market.
The GOLDBOD Bill is expected to have a profound impact on Ghana’s economy, strengthening the Bank of Ghana’s gold reserves and driving foreign exchange earnings. This, in turn, will enhance the country’s economic stability and growth prospects.
Ghana’s gold sector has long been a significant contributor to the country’s economy, with gold exports accounting for a substantial portion of the country’s total export receipts. In 2023, gold exports contributed GH₵46.5billion out of a total of GH₵74.8billion in the third quarter alone.
The GOLDBOD Bill is seen as a critical step towards unlocking the full potential of Ghana’s gold industry, which has faced challenges in recent years, including environmental sustainability, regulatory issues, and volatility in global gold prices.
With the passage of this bill, Ghana is poised to become a powerhouse in the global gold market, attracting investment, creating jobs, and driving economic growth. As Minister Forson noted, “A new era for our gold industry begins now!”
Ruth Abla ADJORLOLO
