News
GoldBod begins enforcement of receipts for gold transactions
The Ghana Gold Board (GoldBod) has started nationwide enforcement of the mandatory use of GoldBod receipts by all licensed buyers in gold trading.
According to the Board, licensed aggregators, self-financed aggregators, Tier 1, and Tier 2 buyers are now required to issue GoldBod receipts for every transaction.
In a statement, the board explained that the receipts were a key condition for the validity of gold purchases and sales.
It added that to ensure compliance, GoldBod had deployed its Taskforce and Field Inspectors across the country.
It stated that licensed buyers were expected to make their receipt booklets available for checks and to cooperate fully with inspection teams.
GoldBod advised small-scale miners and gold traders to always demand GoldBod receipts when selling to licensed buyers.
The Board warned that failure by buyers to issue receipts is a serious offence that could lead to sanctions, including suspension or revocation of licenses.
The Board added that licensed buyers who need receipt booklets should contact its License and Regulatory Unit for support.
GoldBod thanked licensed buyers for their cooperation so far and said transparency in the sector would help strengthen Ghana’s gold trade for the benefit of all stakeholders.
By: Jacob Aggrey
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
News1 week ago“We are working to transform the Kwahu Business Village into an international conference hub”
- News1 week ago
Kwahu Business Forum:My engagement with President Mahama has boosted my business — Lydia Forson
- News1 week ago
DeniiNoi Foundation Supports Taifa Polyclinic with Medical Equipment
