GoldBod introduces new official gold pricing regime effective July 1

The Ghana Gold Board (GoldBod) has announced the implementation of a new official gold pricing regime that will take effect from July 1, 2026, as part of efforts to enhance transparency, fairness and stability within the country's gold trading sector.

Under the new system, GoldBod will discontinue the publication of continuously updated live gold prices and instead adopt the internationally recognised London Bullion Market Association (LBMA) Gold Price AM and LBMA Gold Price PM pricing windows as the sole benchmarks for determining official local gold purchase prices in Ghana.

In a statement issued on June 23, 2026, GoldBod said the decision follows extensive stakeholder engagements with players across the gold trading value chain.

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"The Ghana Gold Board (GoldBod) wishes to inform all licensed gold buyers, aggregators, self-financed aggregators and other licensed holders in the gold trading value chain that, following extensive stakeholder engagements, a new official gold pricing regime shall take effect from 1 July 2026," the statement said.

According to the Board, two official gold purchase prices will be published each trading day. The first price will be released at 10:30 a.m. based on the LBMA Gold Price AM, while the second will be published at 3:00 p.m. based on the LBMA Gold Price PM.

GoldBod explained that the applicable Ghana cedi purchase price will continue to be determined using the Bank of Ghana Reference Rate (BRR) for the day.

The Board stressed that the published GoldBod price would become the mandatory purchase price for all licensed gold buyers and aggregators.

"The published GoldBod price shall constitute the mandatory official purchase price at which all licensed gold buyers, aggregators, self-financed aggregators and other licensed holders shall purchase gold from licensed miners and licensed traders during the applicable pricing window," it stated.

GoldBod further directed all licensed buyers to strictly comply with the new pricing framework and warned against purchasing gold at prices outside those officially published by the Board.

In a separate compliance notice, the Board reminded industry players that adherence to official pricing directives issued under the Ghana Gold Board Act, 2025 (Act 1140), is mandatory.

"Any person or entity that purchases gold in contravention of the official GoldBod price, in violation of the prescribed pricing regime, shall be deemed to have committed an offence under the Ghana Gold Board Act, 2025 (Act 1140)," the statement noted.

To enforce compliance, GoldBod said it will deploy enforcement and compliance teams across gold-producing and trading hubs nationwide to monitor adherence to the new regime.

Offenders risk sanctions including suspension or revocation of their GoldBod licences, seizure of unlawfully traded gold, prosecution before the courts and other administrative, civil or criminal penalties prescribed by law.

GoldBod said the new regime forms part of its commitment to promoting "transparency, fairness, market stability, and responsible sourcing" within Ghana's gold trading ecosystem.

THE GHANA GOLD BOARD (“GOLDBOD”) ANNOUNCES THE IMPLEMENTATION OF NEW OFFICIAL GOLD PRICING REGIME EFFECTIVE 1 JULY 2026 pic.twitter.com/7DGQh6WJGT

— Ghana GOLDBOD (@GhanaGOLDBOD) June 23, 2026