The Chief Executive Officer of GoldBod, Sammy Gyamfi, has issued a final call to gold traders across the country to comply with current regulations, warning that ignorance of the law will no longer be tolerated.
In a strongly worded message directed at stakeholders, the CEO said, “Ignorance of the law is no excuse. For the last time, we are communicating to all stakeholders across the country to do the needful.”
The statement comes amid an ongoing regulatory shake-up in the gold trading sector, which includes the revocation of outdated licences. Industry players who have failed to regularise their status are now at risk of penalties or exclusion from the formal gold market.
However, in an effort to reassure the public and maintain accessibility to the industry, the CEO clarified that applications for new GoldBod trading licences remain open indefinitely.
“We are not saying you cannot apply because the deadline has elapsed. Anyone who wants to trade in gold can apply for a Gold Board licence at any time,” he said.
He further pledged that the licensing process would be transparent and fair, with all applications reviewed on merit.
“All applications will be assessed with fairness and transparency. Licences will be issued to qualified applicants who meet the required criteria,” he added.
The move signals GoldBod’s continued efforts to professionalise and regulate the gold sector, ensuring that only compliant and credible individuals and firms operate in the space.
