Finance

Minority stages walkout as Parliament passes Ghana Gold Board Bill 2025

In the early hours of March 29, 2025, the Parliament of Ghana passed the Ghana Gold Board Bill, 2025, prompting a walkout by the Minority Caucus in protest.

The Member of Parliament (MP) for Ketu North, Eric Edem Agbana, confirmed the passage of the bill in a social media post on March 29, 2025, revealing that the Minority staged a walkout at around 3:10 AM in opposition to its approval.

The proceedings were chaired by the Second Deputy Speaker of Parliament, Andrew Asiamah Amoako, who also serves as the MP for Fomena.

The session included discussions on budget allocations and key legislative proposals, including the controversial Ghana Gold Board Bill.

The Ghana Gold Board Bill 2025 was introduced to establish a regulatory body responsible for overseeing the buying, selling, and export of gold in Ghana.

The proposed Gold Board is expected to formalize gold trading within the small-scale mining sector, enhance traceability, and boost Ghana’s efforts to secure London Bullion Market Association (LBMA) certification.

The government argues that the board will play a critical role in generating foreign exchange and streamlining operations within the gold industry.

Following its introduction, the First Deputy Speaker of Parliament, Bernard Ahiafor, referred the bill to the Finance and Lands and Natural Resources Committees for review before final approval.

“Honourable members, the Ghana Gold Board Bill 2025 is presented and read for the first time and accordingly referred to the Finance Committee for consideration and reports,” Ahiafor announced.

Despite strong opposition from the Minority Caucus, the bill was eventually passed.

 

Source: www.ghanaweb.com

Related Articles

Back to top button