The Ghana Gold Board (GoldBod) has announced fresh directives governing the onboarding of Offtakers and the conduct of transactions by Self‑Financing Aggregators (SFAs), reinforcing its regulatory mandate under the Ghana Gold Board Act, 2025 (Act 1140).
In a notice dated July 13, 2026, the Board outlined a five‑step onboarding process requiring SFAs to submit proposed Offtakers for Know‑Your‑Customer (KYC), Anti‑Money Laundering (AML), and financial due diligence checks. Only Offtakers that successfully pass GoldBod’s compliance assessments will be cleared to trade. Approved applications will be accompanied by written conditions specifying operational requirements, disclaimers, and obligations.
The guidelines also detail the transaction process, beginning with the receipt of foreign exchange inflows from approved Offtakers. GoldBod will oversee conversion into Ghana cedis, disbursement to SFAs, and subsequent gold purchases under its pricing regime. Export requests must be submitted to the Board, which will conduct assays and verification before facilitating shipment. SFAs remain responsible for all regulatory fees, logistics, freight, and insurance costs.
GoldBod emphasized that its role is strictly regulatory and administrative, distancing itself from any commercial or contractual obligations between SFAs and Offtakers. A compliance directorate notice further underscored that the Board does not guarantee financial standing, payment obligations, or performance of any party, and SFAs must indemnify the Board against claims or losses arising from their arrangements.
The Board reiterated its commitment to integrity, accountability, and transparency, stressing that adherence to these guidelines is mandatory and forms part of licensing conditions for SFAs.
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