The Ghana Gold Board has announced the implementation of a new official gold pricing regime effective July 1, 2026, adopting the internationally recognised LBMA Gold Price AM and PM as the sole benchmarks for determining the official local gold purchase price in Ghana.
Under the new regime, the GoldBod will discontinue the publication of continuously updated live gold prices. Instead, two official gold purchase prices will be published each trading day: the first at 10:30 am in accordance with the LBMA AM price, and the second at 15:00 hours in accordance with the LBMA PM price.
The applicable Ghana Cedi purchase price will continue to be determined by converting the relevant LBMA Gold Price using the Bank of Ghana Reference Rate for the day. All prices will be published on the official GoldBod website.
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 must purchase gold from licensed miners and traders during the applicable pricing window. All licensed buyers are required to strictly comply with the official prices and shall not purchase gold at any other price.
The GoldBod reminded all licensees that compliance with official pricing directives issued pursuant to the Ghana Gold Board Act, 2025 (Act 1140) is mandatory. Any person or entity that purchases gold in contravention of the official price shall be deemed to have committed an offence and shall be subject to sanctions prescribed by law.
To ensure compliance, the GoldBod will deploy enforcement and compliance teams across all gold-producing and trading hubs nationwide. Offending licensees will be liable to suspension or revocation of their GoldBod licence, seizure of unlawfully traded gold, prosecution before the appropriate courts, and other administrative, civil, or criminal sanctions available under the Act.
The GoldBod remains committed to promoting transparency, fairness, market stability, and responsible sourcing within Ghana's gold trading ecosystem. All licensed buyers are directed to familiarise themselves with and strictly comply with the new pricing regime.
