The Ghana Gold Board (GoldBod) has directed all licensed gold buyers to strictly comply with its official pricing regime beginning July 1, 2026, warning of severe sanctions against violators.
In a notice dated June 23, 2026, and signed by Chief Executive Officer Samuel Gyamfi, ESQ., the Board reminded licensees that adherence to pricing directives under the Ghana Gold Board Act, 2025 (Act 1140) is mandatory.
GoldBod cautioned that any purchases made in contravention of the official price will constitute an offence under the law. Enforcement and compliance teams are expected to be deployed across gold-producing and trading hubs nationwide to monitor adherence.
Sanctions for offenders include suspension or revocation of licences, seizure of unlawfully traded gold, prosecution, and other administrative or criminal penalties prescribed by law.
According to the Board, the directive forms part of efforts to promote transparency, fairness, market stability, and responsible sourcing within Ghana’s gold trading ecosystem.
“All licensed buyers are therefore directed to familiarize themselves with and strictly comply with this new pricing regime from 1 July 2026,” the notice emphasized.
GoldBod has assured stakeholders of its commitment to ensuring a transparent and sustainable gold market in Ghana.
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