GoldBod Switches to LBMA AM/PM Prices from July 1
The Ghana Gold Board (GoldBod) will scrap its continuously updated live gold prices and switch to the internationally recognised LBMA Gold Price AM and PM benchmarks from July 1, 2026.
In a statement, GoldBod said the change follows stakeholder consultations.
Under the new regime, the Board will release two official purchase prices daily: 10:30 am using the LBMA AM price and 3:00 pm using the LBMA PM price.
The cedi rate will be set using the Bank of Ghana Reference Rate for the day.
All licensed buyers, aggregators, and traders must use only the published GoldBod price during each window.
Buying at any other price will be treated as an offence under the Ghana Gold Board Act, 2025, Act 1140.GoldBod will roll out enforcement teams across mining and trading hubs to monitor compliance.
Penalties include licence suspension or revocation, seizure of gold, prosecution, and other sanctions under the law.
Prices will be posted on www.goldbod.gov.gh.
GoldBod says the shift is to improve transparency, fairness, and market stability.
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