GoldBod introduces new LBMA-based pricing regime for gold purchases

The Ghana Gold Board (GoldBod) has commenced the implementation of a new pricing regime for gold purchases based on the London Bullion Market Association (LBMA) pricing windows.

The new system, which took effect on Wednesday, July 1, introduces separate AM and PM pricing windows and requires all licensed gold buyers to book transactions in real time within designated periods.

The move forms part of efforts to improve transparency and align Ghana's gold trading practices with international standards.

In a statement issued on Wednesday, GoldBod said it will publish two official purchase prices every trading day, corresponding to the LBMA AM and PM pricing windows.

"The Ghana Gold Board (GoldBod) wishes to inform all Licensed Gold Buyers and Licensed Miners and the general public that, effective today, July 1, 2026, the GoldBod has commenced the implementation of its new gold pricing regime based on the London Bullion Market Association (LBMA) AM and PM pricing windows," the statement read in part.

The statutory body explained that all purchases must be booked within the applicable booking window, with temporary trading suspensions introduced to facilitate the transition between the AM and PM pricing periods.

According to GoldBod, no bookings will be accepted during the designated suspension periods, and any transaction submitted outside the approved booking windows will automatically be treated as part of the next pricing window.

"The GoldBod reminds all Licensed Gold Buyers that every purchase must be booked in real time and strictly within the applicable booking window. Any booking submitted outside the prescribed booking windows or during the trading suspension periods shall be rejected and shall be deemed to relate to the next applicable pricing window," it stated.

GoldBod urged all licensed buyers to organise their trading operations to comply with the new timelines and advised stakeholders seeking further clarification to contact the Board through its official communication channels.