The Small-Scale Miners Association has backed the GoldBod's revocation of all Precious Minerals Marketing Company (PMMC) artisanal and small-scale mining (ASM) licences.
In a move to tighten oversight of Ghana's ASM gold trade, the Ghana Gold Board (GoldBod) has announced that all existing gold trading licenses issued by the PMMC except those held by large-scale mining companies-are no longer valid.
This new directive is grounded in the Ghana Gold Board Act (Act 1140), passed by Parliament on March 29 and assented to by the President on April 2, 2025.
With immediate effect, GoldBod becomes the sole legal buyer, seller, assayer, and exporter of all gold produced by licensed ASM operators in Ghana-a sweeping reform aimed at curbing smuggling, streamlining trade, and ensuring full state oversight of the ASM sector.
