The Ghana Gold Board (GoldBod) is a body corporate established by an Act of Parliament (ACT 1140) in the year 2025 to oversee, regulate and undertake the buying, selling, assaying, refining, exporting and other related activities in respect of Gold and other Precious Minerals in Ghana.
The GoldBod per section 78 of ACT 1140, took over the rights, obligations, assets, liabilities and workforce of the Precious Minerals Marketing Company (PMMC) Limited, which is an offshoot of the Ghana Diamond Marketing Board.
In 1963, the Ghana Diamond Marketing Board was established and charged with the responsibility of purchasing and marketing Ghana’s diamonds.
In 1965, by a Legislative Instrument (LI) 401, the Ghana Diamond Marketing Board was incorporated as a State-Owned Enterprise (SOE).
Upon the promulgation of the diamonds decree (NRCD 32) in 1972, LI 916 was enacted to change the company’s name to Diamond Marketing Corporation.
In 1989, PNDC Law 219 was enacted to yet again change the Company’s name to the Precious Minerals Marketing Corporation with enhanced functions to grade, assay, value gold, diamonds and other precious minerals of the country.
In the year 2000, the Corporation was converted by the Statutory Corporations Conversion to Companies Act (ACT 461) to a Limited Liability Company to operate under the Ghana Companies Code Act, (ACT 179) 1963, as Precious Minerals Marketing Company (PMMC) Limited with the same functions.
In the year 2016, the PMMC was appointed the national assayer by the government of Ghana.
To strengthen industry regulation and optimize national benefits, the Ghana GoldBod was established on 2 April, 2025 by the government of Ghana to restructure and streamline the precious mineral trading sector of Ghana.
The GoldBod initiative is a product of extensive stakeholder consultations and aims at maximizing foreign exchange inflows, gold reserve accumulation and value addition for sustainable growth and transformation.
