The establishment of the Ghana Gold Board (GoldBod) under the Ghana Gold Board Act, 2025 (Act 1140), represents perhaps the most comprehensive institutional effort yet to restructure the country’s domestic gold trade. Understanding GoldBod’s purchasing modelAmong the more persistent public criticisms is the assertion that GoldBod purchases gold directly from illegal miners. The Board neither finances other categories of market participants nor purchases gold directly from miners. Nevertheless, the structure itself differs materially from the public perception that GoldBod purchases directly from mining sites. However, meaningful evaluation requires distinguishing between evidence-based concerns and assertions that do not align with the operational framework established under the Act.