Chamber of Bullion traders agree on Goldbod pricing mechanism

The GoldBod held a successful consultative meeting with the Chamber of Bullion Traders, Ghana, on its pricing policy last Wednesday, ahead of its commencement of business scheduled for the first week of May 2025.

President of the Chamber of Bullion Traders, Kwaku Effah Asuahene, asserted the need for a local gold pricing policy, as he believes it is important in structuring the local gold trade.

CEO of GoldBod, Sammy Gyamfi, Esq., expressed satisfaction at the enthusiasm of the Chamber to partner with the entity in ensuring it brings enhancement to the country’s forex and, by extension, the general wellbeing of the economy.

The GoldBod Act (Act 1140), 2025, was passed by Parliament on 29th March 2025 and assented to by the President, H.E. John Dramani Mahama. By this, all licenses issued by the Minister responsible for Mines and/or Precious Minerals Marketing Company (PMMC) to a person to purchase and deal in gold cease to be valid.