Parliament on Friday approved the Ghana Gold Board Bill 2025, creating the Gold Board to regulate the gold sector, improve transparency, and increase foreign exchange earnings.
The Gold Board is expected to manage the acquisition, sale, and export of gold and ensure that a larger share of gold revenue remained in the country.
The bill is also to encourage foreign financiers in small-scale mining in the country and reduce losses of gold revenue to overseas markets.
Despite the minority's opposition to the bill on accounts of its potential to promote illegal mining in the country, the majority went ahead to pass it.
