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Parliament passes legislation establishing Goldboard

The Ghana Goldboard is a new entity created to regulate the gold market in Ghana. The Goldboard will be responsible for monitoring the buying and selling of gold, as well as accumulating sufficient foreign exchange (forex) to stabilize the Ghanaian Cedi currency.

The NDC promised to set up the Gold board as part of their economic development agenda.

  • The Goldboard will provide a standardized platform for gold producers to sell their gold, eliminating the need for middlemen and ensuring that producers receive a fair price for their gold.
  • The platform will also provide training and support to gold producers, enabling them to improve their production and quality of gold.
  • The Goldboard will work closely with the Ghanaian government to ensure that the initiative is implemented in a transparent and accountable manner.
    Benefits of the Goldboard

    • The Goldboard is expected to bring numerous benefits to the gold industry in Ghana. Some of the key benefits include:

  • Increased revenue for gold producers
  • Improved livelihoods for gold producers and their families
  • Enhanced transparency and accountability in the gold industry
  • Increased investment in the gold industry

    • Challenges and Opportunities

    While the Goldboard is expected to bring numerous benefits, there are also challenges and opportunities that need to be addressed.

    Further details on this topic will be provided shortly.

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