The Ghana Gold Board (GoldBod) has officially rolled out the nationwide enforcement of its mandatory receipt policy, requiring all licensed gold buyers to issue GoldBod-approved receipts for every transaction.
The move, which took effect on Monday, August 18, 2025, comes after several postponements and a grace period granted to traders to regularise their operations, secure licences, and align with new compliance standards.
In its statement, GoldBod stressed that the requirement applies to all categories of buyers — including licensed aggregators, self-financed aggregators, and Tier 1 and Tier 2 operators. According to the Board, the policy is designed to promote accountability, curb illicit gold trade, and tighten regulatory oversight in Ghana’s mineral sector.
To drive compliance, GoldBod has deployed a task force and field inspectors across the country. These officers have been mandated to verify receipt booklets, inspect trading records, and ensure that licensed buyers are adhering to the directive. Buyers who fail to issue receipts risk sanctions ranging from fines and suspension to the outright revocation of licences.
The Board further advised small-scale miners and gold traders to always demand official receipts for transactions as proof of authenticity and legal compliance. This, it said, will protect genuine actors in the sector from exploitation and help trace the movement of gold within Ghana’s supply chain.
Additionally, GoldBod encouraged licensed dealers who face challenges in acquiring receipt booklets to reach out to its Licensing and Regulatory Unit through dedicated hotlines for assistance.
Industry watchers say the enforcement of this measure is expected to boost revenue mobilization, enhance trade monitoring, and align Ghana’s gold marketing system with international best practices.
