GoldBod to deploy inspectors against unlicensed jewellery and gold operations

The Ghana Gold Board (GoldBod) has announced plans to intensify enforcement against unlicensed jewellery manufacturers, gold fabricators, and gold refineries operating across the country, citing widespread non-compliance with licensing requirements.

In a press statement issued on Wednesday, January 28, GoldBod said it has identified several entities within the gold value chain operating without valid licences issued by the Board.

“It has come to the attention of the Ghana Gold Board (‘GoldBod’) that some jewellery manufacturers, fabricators and gold refineries are operating without a valid licence from the GoldBod,” the statement said.

The Board stressed that only duly licensed individuals and companies are permitted to engage in gold trading, jewellery manufacturing, gold fabrication, and gold refining activities in Ghana.

According to GoldBod, operating in any of these sectors without the required licence constitutes an offence under Act 1140 and attracts sanctions.

“Engaging in these activities without a valid GoldBod licence constitutes an offence and is punishable under Act 1140,” it added.

GoldBod recalled that in a previous press statement issued on October 22, 2025, all existing jewellery manufacturers, fabricators, and gold refineries were directed to regularise their operations by December 31, 2025.

“On October 22, 2025, the GoldBod issued a press statement which indicated that all existing jewellery manufacturers, fabricators and gold refineries were required to regularize their operations latest by 31st December 2025.”

The directive, the Board explained, was aimed at strengthening regulatory oversight and ensuring full compliance within the gold trading sector.

However, due to continued non-compliance beyond the stipulated deadline, GoldBod announced that it will begin nationwide inspections from Monday, February 2, 2026, to clamp down on unlicensed operators.

The Board also commended jewellery manufacturing entities that have completed the licensing process and have been duly issued with a GoldBod Jewellery and Fabrication Licence. The licensed entities include Sourcechain Enterprise, Shepaj Limited Company, Koshuuz Enterprise, M.J. Jewellery Limited Company, Mahmoud’s Jewellery Limited, Agyaba Jewellery, Gold Casting, Goldlovers GH Limited, Wappahs Jewellery, Mahalaxmi Ghana Limited, and Sahara Jewellery Limited Company.

GoldBod reaffirmed its commitment to enforcing laws and regulations governing the gold trading sector, noting that its actions are guided by accountability, transparency, and responsible resource management.

“GoldBod remains committed to enforcing the laws and regulations that govern the gold trading sector in the spirit of accountability and transparency,” the statement concluded.