The Ghana Gold Board (GoldBod) has introduced a new pricing framework for gold purchases based on the London Bullion Market Association (LBMA) benchmark, a move aimed at aligning Ghana’s gold trading system with internationally recognised pricing standards.
Announcing the changes in a statement issued on Tuesday, July 1, 2026, the Board said the new regime takes immediate effect and will govern all transactions involving licensed gold buyers and licensed miners.
Under the new arrangement, gold purchases will be executed using two daily pricing windows tied to the LBMA’s AM and PM benchmark prices. The morning pricing window will operate from 9:30 a.m. to 2:20 p.m., while the afternoon pricing window will run from 2:30 p.m. until 9:20 a.m. the following day.
GoldBod said all purchases must be booked in real time to ensure they are matched with the appropriate pricing window. AM bookings will be accepted between 9:30 a.m. and 2:20 p.m., while PM bookings can be made from 2:30 p.m. to 8:30 p.m. and from 6:00 a.m. to 9:20 a.m. the following day.
To support a smooth transition between pricing sessions, the Board has introduced two brief daily suspension periods. Trading and booking will be temporarily halted from 2:21 p.m. to 2:29 p.m. and again from 9:21 a.m. to 9:29 a.m., during which no transactions will be accepted.
GoldBod warned that any booking made outside the approved windows or during the suspension periods will be rejected and automatically rolled over to the next applicable pricing session.
The Board called on all licensed gold buyers to update their operational procedures to comply with the new pricing and booking requirements and advised stakeholders requiring additional information to reach out through its official communication channels.
