The Ghana Gold Board (GoldBod) has announced a major shift in its pricing framework, adopting the internationally recognized LBMA Gold Price AM and PM benchmarks as the sole reference for Ghana’s official gold purchase price effective July 1, 2026.
In a statement signed by Chief Executive Officer Samuel Gyamfi, ESQ., GoldBod said the move follows extensive stakeholder consultations and is aimed at strengthening transparency, fairness, and market stability in the country’s gold trading ecosystem.
Under the new regime, GoldBod will discontinue the publication of continuously updated live gold prices. Instead, two official purchase prices will be published daily: the first at 10:30 a.m. based on the LBMA AM price, and the second at 3:00 p.m. based on the LBMA PM price.
The Ghana Cedi equivalent will be determined using the Bank of Ghana Reference Rate (BRR) for the day. Licensed buyers, aggregators, and traders are required to purchase gold strictly at these official prices during the respective pricing windows.
“All licensed buyers are required to strictly comply with the official GoldBod prices published under this regime and shall not purchase gold at any other prices,” the directive emphasized.
Prices will be published daily on GoldBod’s official website, www.goldbod.gov.gh.
This announcement comes alongside earlier enforcement notices warning that violators of the pricing regime face sanctions including suspension or revocation of licences, seizure of unlawfully traded gold, and prosecution under the Ghana Gold Board Act, 2025 (Act 1140).
GoldBod has assured stakeholders that the new system aligns Ghana’s gold market with global standards while ensuring responsible sourcing and stability across the value chain.
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