Parliament has officially passed the Ghana Gold Board Bill 2025, a move set to reshape the country’s gold industry by establishing a regulatory body to oversee gold purchases, sales, and exports.
The government has touted the bill as a critical step toward improving transparency, enhancing traceability, and boosting foreign exchange earnings to stabilize the cedi.
The bill was approved by a majority decision after an intense debate, with the Minority strongly opposing it. Critics argue that the establishment of the Gold Board could legitimize illegal mining, commonly referred to as galamsey, instead of curbing it.
Defending the bill, Majority Leader Mahama Ayariga praised Parliament’s efforts in pushing the legislation through, calling it a landmark moment in Ghana’s legislative history.
“Mr. Speaker, this is a historic piece of legislation. Those of us who worked through the night to see this through should be proud.
“We have justified the trust Ghanaians have placed in us. Indeed, the 24-hour economy has started right here in this chamber.”
Ayariga’s statement has sparked discussions beyond the bill itself, as it echoes the broader political debate about introducing a 24-hour economy in Ghana.
“The government’s push for extended economic activity across industries has been a divisive topic, with some questioning whether it is feasible given the country’s current economic challenges.
