GoldBod is the sole exporter of diamonds. However, to trade in diamonds, the trader must acquire a license from GoldBod.
What is the purpose of GoldBod?
The primary objective of the GoldBod is to optimize forex inflows, gold reserve accumulation and national benefits from the entire value chain of the country’s gold resources through a centralized approach, for economic revitalization and sustainable growth.
What has become of the PMMC?
The GoldBod per section 78 of the Ghana Gold Board Act, 2025 (ACT 1140), has taken over the rights, obligations, assets, liabilities and workforce of the Precious Minerals Marketing Company (PMMC) Limited.
What is the object of the GoldBod?
The object of the Gold Board is to
(a) oversee, monitor and undertake the buying, selling, assaying, refining, exporting or other related activity in respect of gold;
(b) generate foreign exchange for the country; and
(c) support the accumulation of gold reserves by the Bank of Ghana.
(a) oversee, monitor and undertake the buying, selling, assaying, refining, exporting or other related activity in respect of gold;
(b) generate foreign exchange for the country; and
(c) support the accumulation of gold reserves by the Bank of Ghana.
What are the functions of the GoldBod?
To achieve the object under section 2, the Gold Board shall
(a) be responsible for the marketing of the gold resources of the country;
(b) set standards on the quality, purity and weight of gold sold
in, stored in or exported from the country in compliance
with international best practices;
(c) ensure value addition to the gold of the country, including
regulating the local fabrication of gold into castings, mints,
jewellery, coins, bars, bullion, industrial components or
other forms of value storage;
(d) buy a portion or all of the gold produced by large scale
mining companies in line with the pre-emption rights of
Government exercised by the Minister responsible for Mines
under section 7 of the Minerals and Mining Act, 2006
(Act 703);
(e) in collaboration with the Ministry responsible for Mines
provide support to small-scale miners in the form of
geological investigations, concession viability and
quipment financing
A promote the formalisation of the small-scale minin
industry through
(f) Promote and support environmentally sustainable and responsible mining practices.
- (i) responsible sourcing of gold;
- (ii) supply chain sustainability;
- (iii) traceability of gold; and
- (iv) adherence to international best practices;
(f) Promote and support environmentally sustainable and responsible mining practices.
Can GoldBod recommend credible exporters / shippers of gold and diamonds?
Yes, we can, contact the GoldBod office for such assistance.
Can I buy gold without a license?
No, you cannot buy gold without a license in Ghana. It is illegal and punishable by law to buy any mineral without a valid license or permit.
What is the process of acquiring a license?
Please Click on this link for license requirements. Please click here
How long does it take to acquire a license?
The process usually takes ten (10) to fifteen (15) working days from the date of submission of the application subject to the prompt receipt of the Police Clearance Report from the Ghana Police Service.
Can GoldBod recommend credible Agents?
Yes, we keep a record of Licensed Buying Agents (LBAs) who are in good standing. Contact the GoldBod office for recommendation.
Can I sell my gold or diamond at GoldBod?
Yes, GoldBod buys Gold and Rough Diamonds (unprocessed diamond) from the public. GoldBod buys gold in smaller volumes for its jewelry manufacturing.
GoldBod also facilitates the sale of rough diamonds to Licensed Buying Companies (LBCs).
How long does it take to generate an assay report?
This is normally based on the volume of gold to be assayed. However, it could take between five (5) minutes to thirty (30) minutes to conduct an assay analysis.
How much do you charge for the assay?
Charges are based on the value of gold being assayed. There is a charge of 0.2524% of the total value of the gold.
What is the unit price of gold?
The price of gold is not fixed. It is determined by the World Market price. The spot price of gold can be confirmed by a call or a mail to the GoldBod office.
What is the process of exporting gold?
There are Licensed Gold Exporters (LGEs) who will charge a fee to facilitate the process on behalf of the client. Upon request, GoldBod can recommend an LGE.
Alternatively, an export license can also be acquired from the Minerals Commission upon an application and submission of requisite documentation.
What form of payment is accepted / received by GoldBod?
Either electronic or cash payment is accepted.
Can GoldBod keep gold in its vault upon customer’s request?
Yes, GoldBod has a state-of-the-art vault where it can store gold and other precious minerals on behalf of clients.
What are the processes of trading and exporting diamonds?
What are the processes of acquiring diamond trading licenses?
The buyer must pick up forms from GoldBod for filling and submission for the trading license.
How do I acquire a Kimberley Process (KP) Certificate?
Kimberley Process (KP) Certificates are issued solely by GoldBod during export of the diamonds.
What is the cost of a Kimberley Process (KP) Certificate?
Kimberley Process (KP) Certificates are not for sale.
What processes do I need to go through to get my diamonds tested and valued?
The diamonds must be presented at GoldBod Head Office for testing and valuation.
What are the charges and taxes for diamond exportation?
Included in the charges for exportation is a commission of 2.3848%.
How do I export diamonds that are meant for testing / experiment?
Diamonds which are being exported for testing/experimental purpose require a Kimberley Process Technical Certificate from GoldBod
Is a foreigner permitted to trade in diamonds?
Yes, the foreigner can trade only with a valid license.
How long does it take to process a diamond export?
It takes one (1) to two (2) working days to process the export.
Who can I talk to (contact person) when I need help?
You can reach any of our Client Service Representatives (CSR) via the following:
+233 (0) 302 953 284
+233 (0) 302 953 279
You can also send an email to enquiries@goldbod.gov.gh
info@goldbod.gov.gh
