The Ghana Gold Board has announced the implementation of a new gold pricing and booking regime based on the London Bullion Market Association (LBMA) AM and PM pricing windows, effective Tuesday, July 1, 2026.
In a statement issued by its Compliance Directorate, GoldBod said the new system is aimed at standardising gold purchases by licensed buyers and miners in line with international benchmark pricing.
Under the new arrangement, GoldBod will publish two official daily gold purchase prices corresponding to the LBMA AM and PM fixing windows.
The AM pricing window will run from 9:30 a.m. to 2:20 p.m., while the PM pricing window will cover 2:30 p.m. to 9:20 a.m. the following day.
To align transactions with the pricing structure, all gold purchases must now be booked in real time within designated booking periods.
The AM booking window runs from 9:30 a.m. to 2:20 p.m., while the PM booking periods will run from 2:30 p.m. to 8:30 p.m. and again from 6:00 a.m. to 9:20 a.m. the following day.
GoldBod further indicated that there will be mandatory trading suspension periods to facilitate transitions between pricing windows.
These include 2:21 p.m. to 2:29 p.m. and 9:21 a.m. to 9:29 a.m., during which no bookings will be accepted.
The Board stressed that all licensed gold buyers must ensure strict real-time booking compliance, warning that transactions submitted outside the approved windows or during suspension periods will be rejected and assigned to the next applicable pricing cycle.
GoldBod has advised stakeholders to align their operations with the new structure and comply fully with the updated trading rules to avoid disruptions.
The new regime forms part of broader reforms aimed at improving transparency and efficiency in Ghana’s gold trading sector.
