Under the Gold Board (Gold Bod) regulatory regime in Ghana, foreigners can no longer casually purchase gold through private sellers or agents. Instead, they must engage within the formal framework established by the Gold Board.

Here’s a breakdown of the types of licenses available to foreigners and how Clinton Consultancy supports their full legal participation:

? Licenses a Foreigner Can Obtain via Gold Bod

1. Gold Buyer’s License (via Licensed Aggregator)
• Foreigners cannot directly obtain this unless tied to a Ghanaian company or joint venture.
• Clinton Consultancy can help set up a fully Ghanaian-registered company with foreign shareholding and apply to work under a licensed aggregator.
• Ideal for buyers seeking regular supply.

2. Aggregator Partnership License
• Foreigners can partner with licensed aggregators approved by the Gold Board.
• We negotiate, draft, and formalize MOUs or JVs with licensed Ghanaian aggregators.
• This allows legal access to supply without needing direct licensing.

3. Gold Export License (Highly Restricted)
• Generally reserved for Ghanaian companies, but foreigners can establish a Ghanaian-owned subsidiary with a nominee and apply.
• We handle all corporate structuring, due diligence, and regulatory engagement.

4. Refinery License (with Export Privileges)
• Foreigners can establish local refineries with legal rights to aggregate, refine, and export gold.
• Clinton Consultancy provides end-to-end support, from company registration to EPA and Minerals Commission approvals.

https://www.youtube.com/watch?v=_Frxbucv0wE

? Clinton Consultancy Services for Foreign Gold Clients

1. Legal Structuring & Company Incorporation
• Setup of 100% foreign-owned subsidiaries, joint ventures, or nominee entities
• GIPC registration and compliance with minimum capital thresholds

2. License Application & Liaison
• Full application support with Minerals Commission and Gold Board
• Compliance filings and regulatory strategy

3. Due Diligence on Sellers and Aggregators
• License verification, transaction history, and background checks
• Anti-fraud protections

4. Contract Drafting & Negotiation
• Sale and Purchase Agreements (SPAs)
• Joint Venture Agreements (JVA)
• Escrow and Letters of Credit structuring

5. Regulatory Compliance & Legal Opinions
• Legal opinions for banks and customs
• Updates on Gold Bod policy shifts

6. Escrow, Trust & Risk Mitigation
• Third-party escrow with vetted financial institutions
• Arbitration clauses and advance payment safeguards

7. Dispute Resolution & Litigation
• Court and arbitration representation
• Enforcement of international arbitral awards in Ghana

????? Summary

Foreigners can legally and profitably participate in Ghana’s gold industry — but only through structured, licensed channels. Clinton Consultancy offers turnkey legal solutions that protect your investment, ensure compliance, and connect you with vetted aggregators and mining companies under the Gold Board regime.

The Law Office of Clinton Consultancy
? 9th Floor, Emporium Building, Movenpick Ambassador Hotel, Independence Avenue, Ridge, Accra, Ghana
? +233 27 252 2695
? info@clintonconsultancy.com
? www.clintonconsultancy.com