GoldBod Grants Second Aggregator License to IB Impex Limited

The Ghana Gold Board (GoldBod) has issued an aggregator licence to IB Impex Limited, authorising the company to aggregate gold on behalf of the state’s sole gold purchasing agency.

With the approval, IB Impex Limited becomes the second firm to receive the licence, following Bawa Rock Limited, as part of GoldBod’s structured gold purchasing and supply framework.

The aggregator licence permits licensed entities to purchase and consolidate gold exclusively from licensed miners and approved Tier 1 and Tier 2 buyers for onward supply to GoldBod.

Under the arrangement, aggregators operate with seed financing support from the Board, reinforcing a centralised and traceable gold trading system.

GoldBod introduced the aggregator model as part of broader reforms aimed at formalising gold transactions, strengthening compliance, and streamlining the movement of gold from production points to the national purchasing authority.

To qualify for an aggregator licence, applicants must meet stringent financial and regulatory requirements.

These requirements include Ghanaian ownership, substantial working capital supported by verifiable bank statements, and a demonstrated track record in gold trading over the past three years.

Applicants are also required to provide either a full bank guarantee covering the trade capital sought from GoldBod or an Advance Payment Guarantee supported by a counter-indemnity instrument issued by a recognised financial institution, in line with GoldBod’s insurance policy framework.

In addition, companies must present valid tax clearance and SSNIT clearance certificates to demonstrate compliance with statutory obligations.

The licensing of IB Impex Limited signals GoldBod’s continued rollout of its gold aggregation regime, aimed at strengthening oversight, improving value retention, and ensuring that gold purchased within the formal system is efficiently channelled into the national gold purchasing programme.