GoldBod to intensify clampdown on unlicensed jewellers, fabricators and refineries
29th January 2026
The Ghana Gold Board (GoldBod) has signalled a tougher enforcement stance against unlicensed jewellery manufacturers, gold fabricators and refineries, citing growing violations of licensing requirements across the gold value chain.
In a statement issued on Wednesday, January 28, the Board said investigations have uncovered a number of operators conducting business without the mandatory authorisation from GoldBod.
“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.
GoldBod emphasised that Ghana’s laws permit only duly licensed individuals and companies to engage in gold trading, jewellery manufacturing, gold fabrication and refining. Any activity undertaken without the appropriate licence, it stressed, constitutes a breach of the law and attracts sanctions under Act 1140.
“Engaging in these activities without a valid GoldBod licence constitutes an offence and is punishable under Act 1140,” the Board noted.
The Board recalled that in a public notice issued on October 22, 2025, all existing jewellery manufacturers, fabricators and refineries were instructed to regularise their operations by December 31, 2025. The directive, according to GoldBod, was intended to strengthen regulatory oversight and ensure full compliance within the sector.
Despite the deadline, GoldBod said several operators remain in default. As a result, it announced that nationwide inspection and enforcement exercises will begin on Monday, February 2, 2026, to ensure that only licensed entities are engaged in jewellery manufacturing, gold fabrication and refining activities.
GoldBod, however, commended companies that have complied with the licensing requirements and have been duly issued with Jewellery and Fabrication Licences. These 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.
Reaffirming its commitment to effective regulation, the Board said its enforcement actions are guided by the principles of accountability, transparency and responsible management of Ghana’s mineral resources.
“GoldBod remains committed to enforcing the laws and regulations governing the gold trading sector in the spirit of accountability and transparency,” the statement concluded.