Business
Ghana GoldBoard Pauses Key Licences: What It Means for the Future of Gold Trading
The Ghana Gold Board (GoldBod) has announced an immediate, temporary suspension of new applications for several categories of gold buying licences.
The move signals a significant shift in the country’s approach to regulating its lucrative gold sector.
The suspension confirmed in an official statement released on February 16, 2026, is positioned as a strategic pause to pave the way for comprehensive regulatory reforms.
Which Licences Are Suspended and Which Remain Open?
Effective immediately, GoldBod will no longer accept new applications for:
- Tier 1 and Tier 2 Buying Licences: These are typically the core licences for operators directly purchasing gold from the small-scale and artisanal mining sectors.
- The Self-Financing Aggregator License: This licence category is designed for larger entities that aggregate gold from licensed buyers using their own capital.
In a notable exception, the Aggregator License—a distinct category from the self-financing version—will remain the only gold trading licence open for new applications during this interim period. This suggests the Board may view this licence type as a model for the future or as less critical to the immediate areas of reform.
GoldBod has also assured the industry that any applications submitted before today’s announcement will be processed as usual. The Board has committed to expediting these reviews, provided all regulatory requirements and fee obligations are met.
Why the Sudden Suspension?
According to the official statement signed by Management and CEO Samuel Gyamfi, Esq., the suspension is not a freeze on growth, but a calculated step to facilitate “impending reforms to the national gold buying framework.” The Board explicitly states the goals of these reforms are to:
- Enhance Transparency: Bringing more openness to how gold is traded and priced.
- Improve Compliance: Ensuring all players in the value chain adhere to a clear, enforceable set of rules.
- Strengthen Traceability: Creating a system that can track gold from its source to export, combating illegal mining (galamsey) and smuggling.
- Ensure Greater Value Retention: Maximising the financial and economic benefits Ghana derives from its own gold resources.

The message is clear: the government, through GoldBod, is seeking to build a regime that is “robust, accountable, and internationally competitive” while safeguarding the “national interest.” This implies that the current licensing framework may be seen as outdated, susceptible to abuse, or insufficient to capture optimal value for the country.
What This Means for Stakeholders
For prospective investors and entrepreneurs looking to enter Ghana’s gold market, the immediate path is now narrower. With Tier 1 and Tier 2 licences unavailable, new entrants must carefully evaluate whether the remaining open category—the Aggregator License—aligns with their business model.
For existing licence holders and those with pending applications, the news provides a degree of certainty. Their applications are safe, and the promise of expedited reviews is a positive signal. However, all stakeholders should anticipate that the forthcoming reforms may introduce new compliance requirements, operational standards, or fee structures for all licence types once the suspension is lifted.
The announcement also serves as a warning to those operating outside the formal system. A push for greater transparency and traceability invariably means a crackdown on illicit activities. The reforms aim to make it harder for illegally mined or smuggled gold to enter the official supply chain.
Looking Ahead
GoldBod has stated that further updates on the reform process and the revised licensing framework will be communicated “in due course.” The industry now waits to see the details of these changes.
The suspension represents a pivotal moment, underscoring the government’s intent to assert greater control and extract more value from one of Ghana’s most vital economic assets.
For now, the message to the market is one of order, patience, and preparation for a new, more structured era in Ghanaian gold trading.
Business
Young Self-Taught Black Inventor Julian Brown Develops Revolutionary Plastic-to-Fuel Technology
Atlanta, USA – A young Black inventor from Atlanta, Julian Brown, has stunned the scientific community and gone viral worldwide after developing a backyard process that converts everyday plastic waste into usable diesel, gasoline, and jet fuel.
Born in Tennessee and raised in Atlanta, Brown — a self-taught welder with no formal degree or laboratory — created a system called “Plastoline.”
Using an upgraded form of pyrolysis (a thermal decomposition process), enhanced with microwaves and solar energy for cleaner conversion, he built a small reactor capable of turning discarded plastics back into high-quality fuel.
Independent tests reportedly confirmed that the diesel and gasoline produced are among the most refined seen, and he has successfully powered vehicles with the fuel in live demonstrations.
Brown launched a startup called Nature Jab and began sharing his experiments on Instagram and TikTok, where the videos quickly gained millions of views globally. Despite suffering second-degree burns in a reactor explosion, he refused to abandon the project.
He attempted to raise $1 million to scale the technology but secured only tens of thousands of dollars. In July 2025, he posted that he was under attack before temporarily vanishing from public view.
He has since re-emerged, with supporters calling for his protection and greater investment in his work.
The innovation has sparked particular excitement across Africa, where plastic waste accumulates in massive quantities in landfills and communities.
Experts say Brown’s technology could offer a practical solution for turning waste into energy, addressing both environmental pollution and fuel shortages on the continent.
Commentators have criticised the lack of substantial support from investors and the broader community, questioning why a breakthrough with such transformative potential, especially from a young Black inventor, has not received wider backing.
Business
MTN Signals Major Data Center Investment Plans in Ghana
Accra, Ghana – MTN Group is exploring significant investments in data centers in Ghana as Part of its digital push.
The telecoms giant says the move is a natural extension of its broader digital infrastructure strategy in one of its most important African markets.
Group Chief Executive Officer Ralph Mupita made the announcement during a strategic visit to Ghana at the beginning of 2026. He said the company is keen to partner with both public and private stakeholders to develop large-scale data centers that would enhance cloud computing, data storage, and digital service capabilities across the country.
Mupita stated that such facilities are critical to supporting Ghana’s long-term digital transformation and economic growth.
He acknowledged, however, that establishing world-class data centers would require addressing key infrastructure challenges, particularly reliable power supply, suitable land, and advanced cooling systems. MTN is therefore considering collaborative models to ensure projects meet both commercial viability and sustainability standards.
During his engagements, Mupita held discussions with MTN Ghana’s leadership, regulators, and senior government officials, including the Bank of Ghana, the Ghana Investment Promotion Centre, and Minister for Communications, Digital Technology and Innovations, Sam George.
He described Ghana as a priority market that “feels like home” and reaffirmed the Group’s commitment to deepening investments in digital infrastructure and financial inclusion.
On the fintech front, Mupita highlighted plans to expand mobile money services while working closely with the central bank to strengthen fraud prevention through artificial intelligence.
The visit underscored MTN’s ambition to remain a key partner in Ghana’s digital economy, driving innovation, job creation, and inclusive growth.
MTN Ghana (Scancom PLC) is the dominant telecommunications market leader in Ghana and has been recognized as a top-performing operation within the MTN Group. The company is actively shifting from a traditional telco to a technology platform company, with a focus on fintech (Mobile Money) and digital inclusion.
Business
New Cashew Processing Plant and Fertilizer Facility to be Set Up in Ghana
Accra, Ghana – Ghana’s Ministry of Food and Agriculture has signed three Memoranda of Understanding with Chinese firm SENTUO Group Limited to drive agro-industrial growth through major new investments in processing, fertiliser production, and farmer support services.
The agreements, signed in Accra on Tuesday, include the establishment of a cashew processing plant at Sampa in the Bono Region and a fertiliser manufacturing facility. SENTUO will also roll out 30 Farmer Service Centres nationwide to improve access to quality inputs, mechanisation services, and technical support for farmers.

The projects are expected to create significant employment opportunities, particularly for young people, while enhancing value addition and reducing Ghana’s reliance on raw commodity exports.
Minister for Food and Agriculture Eric Opoku described the partnership as a major step toward the government’s Agriculture for Economic Transformation Agenda.
“We are ready to industrialise Ghana’s agriculture,” he said, adding that the cashew plant will process both nuts and apples to maximise returns across the entire value chain.
He emphasised the need to move from exporting raw produce to building a vibrant, value-driven agro-industrial economy.
The Chairman of SENTUO Group Limited, Xu Mingjuan, said the company’s nearly 20 years of operation in Ghana and the current government’s 24-hour economy policy had encouraged further investment. He confirmed that engineers have already started preliminary work on the projects.
The deals signal growing Chinese interest in Ghana’s agricultural transformation and are expected to strengthen food security, boost exports, and create sustainable jobs across the value chain.
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