GoldBod introduces new trade financing rules for licensed gold buyers
GoldBod has introduced a new trade financing framework for Tier 2 Licensed Gold Buyers, effective immediately. The framework aims to strengthen accountability, improve risk management, and enhance the administration of funds under its Gold Purchase Financing Programme. The Board stated that these reforms are part of broader efforts to promote transparency, financial discipline, and sustainability within Ghana's formal gold trading sector.
Under the new arrangements, eligible applicants must submit a formal application to an Aggregator, present a valid Tier 2 GoldBod licence for verification, and complete Know-Your-Customer (KYC), due diligence, and creditworthiness assessments. Applicants must also sign a Trade Financing Agreement detailing repayment obligations, reporting requirements, and compliance responsibilities, which requires GoldBod's approval before funds are released. Beneficiaries are required to provide security covering between 10 and 50 percent of the approved financing amount. Existing beneficiaries must settle outstanding obligations and regularise their participation under the new framework by August 1, 2026, or face suspension of eligibility for further financing.
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Ghana's GoldBod has introduced a new trade financing framework for licensed gold buyers to enhance accountability and risk management. This move
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