GoldBod Licence For Gold Trading Takes Effect
The Ghana Gold Board (GoldBod) will, from today, enforce the use of its licences for the purchase and sale of gold in the country.
The nationwide enforcement will be undertaken by the GoldBod Taskforce and Field Inspectors.
In a statement, the Management of the Board said the issuance of GoldBod receipts by licensed aggregators, self-financed aggregators, Tier 1, and Tier 2 buyers is a compulsory requirement for gold trading and a critical condition for the validity of all transactions.
“All licensed buyers are required to make their receipt booklets available for inspection and cooperate fully with the inspection teams.”
It further advised all licensed small-scale miners and gold traders to insist on the issuance of GoldBod receipts for every purchase transaction undertaken with licensed buyers.
“Licensed buyers are reminded that the non-issuance of GoldBod receipts constitutes a serious offence and may attract severe sanctions, including the suspension and/or revocation of their license.”
It added, “GoldBod deeply appreciates the cooperation of all licensed buyers in upholding transparency and integrity in Ghana’s gold trade so far.”
Source: https://opemsuo.com/author/hajara-fuseini/
