Legal & risk disclosures

Regulatory status

GoldBod is operated by the Ghana Gold Board, a statutory corporation established under the Ghana Gold Board Act, 2025 (Act 1114). The platform is regulated by the Bank of Ghana as a digital asset issuer and by the Securities and Exchange Commission as a commodity-backed security. GOLD tokens are classified as digital ownership claims on physical commodity — not securities — under Ghanaian law.

Risk disclosures

• Price risk: The USD value of GOLD tokens fluctuates with the international spot price of gold. Past performance is not indicative of future returns.
• Custody risk: Although vaulted gold is insured and audited under GoldBod's custody arrangements, no custody is entirely risk-free. Coverage terms are provided by GoldBod.
• Redemption risk: Physical redemption requires scheduling and may take 5–10 business days for vault pickup or insured delivery. Large redemptions (>10kg) require 30 days' notice.
• Regulatory risk: Changes to Ghanaian or international regulation may affect the availability of the platform in certain jurisdictions.
• Settlement risk: Token movements are recorded on an append-only internal ledger with reserve-backing enforced at issuance. An on-chain settlement adapter (production roadmap) would add smart-contract risk, mitigated by multi-sig governance and audits, which cannot be entirely eliminated.

Tax treatment

GOLD tokens are treated as a commodity for Ghanaian tax purposes. Gains on disposal are subject to capital gains tax at the prevailing rate. International clients should consult their local tax advisor — GoldBod provides annual tax-lot reports but does not provide tax advice.

Dispute resolution

Disputes are governed by the laws of the Republic of Ghana. The parties submit to the exclusive jurisdiction of the High Court of Ghana (Commercial Division) for any dispute arising from these terms. Alternative dispute resolution is encouraged via the Ghana Arbitration Centre.