Ghana Gold Board Introduces LBMA-Linked Dual Pricing Regime for Gold

The Ghana Gold Board (GoldBod) has commenced a new gold pricing regime effective Tuesday, July 1, 2026, with rates now tied to the London Bullion Market Association’s AM and PM pricing windows.

Under the new system, GoldBod will publish two official purchase prices each trading day, one for the AM window from 9:30 a.m. to 2:20 p.m., and one for the PM window from 2:30 p.m. to 9:20 a.m. the following day.

The Board said the move is intended to align domestic gold transactions more closely with international benchmarks and improve price transparency for Licensed Gold Buyers, Licensed Miners, and the general public.

To ensure transactions correspond with the correct price, all purchases must be booked in real time within specified booking periods.

The AM booking window runs from 9:30 a.m. to 2:20 p.m., while the PM booking window is from 2:30 p.m. to 8:30 p.m., and again from 6:00 a.m. to 9:20 a.m. the following day.

GoldBod will suspend trading and booking between 2:21 p.m. and 2:29 p.m., and between 9:21 a.m. and 9:29 a.m., to allow for the transition between pricing windows.

Trading will resume immediately after each suspension, and no bookings will be accepted during those periods.

The Board stressed that any booking submitted outside the prescribed windows or during a suspension period will be rejected and treated as relating to the next applicable pricing window.

It has therefore advised all licensed buyers to align their operations with the approved timelines to remain compliant.

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