The Ghana Gold Board (GoldBod) has commenced the implementation of a new gold pricing regime aligned with the London Bullion Market Association (LBMA) standards, effective July 1, 2026.
Under the revised framework, GoldBod will publish two official purchase prices daily, corresponding to the LBMA’s AM and PM pricing windows. The AM pricing window runs from 9:30 a.m. to 2:20 p.m., while the PM window spans 2:30 p.m. to 9:20 a.m. the following day.
To ensure compliance, the Board has introduced mandatory real‑time booking procedures. Licensed gold buyers must book purchases strictly within the designated windows: 9:30 a.m. to 2:20 p.m. for the AM session, and 2:30 p.m. to 8:30 p.m. as well as 6:00 a.m. to 9:20 a.m. for the PM session. Bookings submitted outside these periods will be rejected and deemed applicable to the next pricing window.
Additionally, trading and booking will be suspended briefly to facilitate transitions between pricing sessions — specifically from 9:21 a.m. to 9:29 a.m. and 2:21 p.m. to 2:29 p.m. Trading resumes immediately after these suspension periods.
GoldBod’s Compliance Directorate emphasized that the measures are designed to enhance transparency, align Ghana’s gold trade with international best practices, and protect the integrity of the market. Licensed buyers have been urged to organize their operations to meet the strict timelines.
Chief Executive Officer Samuel Gyamfi, Esq., assured stakeholders that the new regime will strengthen Ghana’s position in the global gold market while ensuring fair and consistent pricing for all parties involved.
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