The Ghana Gold Board (GoldBod) has announced the introduction of a new official gold pricing regime that will take effect from July 1, 2026, as part of efforts to enhance transparency and standardization in Ghana’s gold trading sector.
In a statement, GoldBod said the decision follows extensive consultations with stakeholders across the gold value chain, including licensed gold buyers, aggregators, self-financed aggregators, and other licensed operators.
Under the new framework, GoldBod will discontinue the publication of continuously updated live gold prices and instead adopt the internationally recognized London Bullion Market Association (LBMA) Gold Price AM and LBMA Gold Price PM benchmarks as the sole reference points for determining official local gold purchase prices.
As part of the new arrangement, GoldBod will publish two official gold purchase prices each trading day.
The first price will be released at 10:30 a.m. based on the LBMA Gold Price AM, while the second price will be published at 3:00 p.m. in line with the LBMA Gold Price PM.
The Ghana Cedi equivalent of the official purchase price will continue to be calculated using the relevant LBMA benchmark price and the daily Bank of Ghana Reference Rate (BRR).
According to GoldBod, the published prices will serve as the mandatory official purchase prices for all licensed gold buyers, aggregators, self-financed aggregators, and other licensed participants purchasing gold from licensed miners and traders during the applicable pricing period.
The Board stressed that all licensed operators must strictly adhere to the official GoldBod prices and are prohibited from purchasing gold at prices different from those published by the authority.
GoldBod noted that the measure is aimed at ensuring consistency, fairness, and greater market discipline within the country’s gold trading ecosystem.
The official gold purchase prices will be published daily on the GoldBod website, where stakeholders can access the latest pricing information.
The new pricing regime forms part of broader reforms being implemented by GoldBod to strengthen regulation and improve efficiency within Ghana’s gold trading sector.
