GoldBod rolls out strict enforcement regime for gold buyers

The Ghana Gold Board (GoldBod) has issued a stern warning to licensed gold buyers, announcing strict enforcement measures against operators who purchase gold above approved price limits.

The directive, which takes effect on June 24, 2026, forms part of efforts to strengthen oversight of Ghana's gold trading sector and ensure compliance with the Ghana Gold Board Act, 2025 (Act 1140).

In a notice issued on June 23, 2026, GoldBod said it had adopted an approved pricing threshold following "extensive stakeholder engagements and consultations with licensed buyers."

GoldBod introduces new official gold pricing regime effective July 1

Under the new framework, licensed buyers must purchase gold based on the GoldBod published price at the time of purchase, the approved rate-gap bonus for licensed miners where applicable, and a maximum additional GH¢30 from the allotted commission available to Tier 2 buyers.

"The GoldBod Published Price at the time of the purchase plus the approved rate-gap bonus for licensed miners (where applicable) plus up to GH¢30.00 from the allotted commission for tier 2 buyers," the Board stated.

GoldBod stressed that the GH¢30 margin is the maximum allowable addition to the purchase price.

"For emphasis, no tier 2 buyer is allowed to add more than GH¢30 of their allotted commission to the price at which they buy or sell gold," the notice said.

The Board further clarified that no licensed buyer would be permitted to purchase gold above the combined value of the approved pricing components.

"For the avoidance of doubt, no licensed gold buyer shall purchase gold at a price above the aggregate of the foregoing three (3) components," it added.

GoldBod warned that violations would not only breach licensing conditions but could also attract criminal sanctions under the law.

"The GoldBod wishes to remind all licensed buyers that failure to comply with the approved pricing threshold constitutes a breach of the terms and conditions governing their licence and shall amount to an offence under section 63 (1) (c) and (2) of the Ghana Gold Board Act, 2025 (Act 1140)," the statement noted.

The regulator outlined a range of sanctions for offenders, including prosecution, suspension of licences and outright licence revocation.

"Any licensed gold buyer found to be purchasing gold in contravention of this Notice shall be subject to enforcement actions, including but not limited to prosecution in accordance with law, suspension of licence, and/or revocation of licence," GoldBod warned.

The Board said it is relying on the cooperation of all licensed buyers to safeguard the integrity, stability and sustainability of Ghana's gold trading ecosystem.

NOTICE TO ALL LICENSED GOLD BUYERS ON THE IMPLEMENTATION OF APPROVED PRICING THRESHOLD FOR THE PURCHASE OF GOLD. pic.twitter.com/jvDGKfGZAn

— Ghana GOLDBOD (@GhanaGOLDBOD) June 23, 2026