Sammy Gyamfi
The Ghana Gold Board (GoldBod) has announced the commencement of a nationwide enforcement exercise to ensure the mandatory use of GoldBod receipts in all gold transactions conducted by licensed buyers.
In a statement issued yesterday, GoldBod said the move is aimed at strengthening transparency, accountability, and integrity within the country’s gold trade.
According to the directive, all licensed aggregators, self-financed aggregators, and Tier 1 and Tier 2 buyers are required to issue GoldBod receipts for every purchase and sale of gold.
The Board emphasised that the issuance of receipts is a critical condition for the validity of transactions, and warned that failure to comply constitutes a serious offence.
The statement, signed by the Media Relations Officer, Prince Kwame Minkah, said GoldBod had deployed a special Taskforce and Field Inspectors across the country to ensure adherence to the directive.
It said licensed buyers are expected to make their receipt booklets available for inspection and cooperate fully with the teams.
The statement further advised small-scale miners and traders to insist on GoldBod receipts for every transaction with licensed buyers, stressing that this measure would safeguard their interests and ensure proper documentation.
“Non-issuance of GoldBod receipts may attract severe sanctions, including the suspension or revocation of operating licenses,” the statement warned.
GoldBod also encouraged licensed buyers who require assistance in obtaining receipt booklets to contact its License and Regulatory Unit through dedicated hotlines.
The Board commended stakeholders for their cooperation so far, noting that the initiative is part of broader efforts to sanitise the gold sector and maximise its benefits for the Ghanaian economy.
By Ernest Kofi Adu