GoldBod introduces new trade financing rules for licensed gold buyers

Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board The Ghana Gold Board (GoldBod) has introduced a new trade financing framework for Tier 2 Licensed Gold Buyers aimed at strengthening accountability, improving risk management and enhancing the administration of funds under its Gold Purchase Financing Programme.

It added that the revised framework also introduces restrictions on multiple financing arrangements to strengthen governance, protect public resources and ensure the long-term sustainability of Ghana's formal gold trading ecosystem.

In a statement, GoldBod said the framework takes immediate effect and sets out mandatory procedures for Tier 2 Licensed Gold Buyers and other eligible licensees seeking access to trade financing through Aggregators.