The Ghana Gold Board (GoldBod) has begun implementing a new gold pricing regime based on the London Bullion Market Association (LBMA) pricing system, introducing two official pricing windows for gold transactions each trading day.
In a statement issued on Tuesday, July 1, 2026, GoldBod said the new framework takes immediate effect and applies to all licensed gold buyers and licensed miners nationwide.
Under the revised system, gold purchases will be priced according to the LBMA’s AM and PM benchmark prices. The AM pricing window will run from 9:30 a.m. to 2:20 p.m., while the PM pricing window will apply from 2:30 p.m. to 9:20 a.m. the following day.
To ensure transactions are matched with the appropriate pricing period, GoldBod said all purchases must be booked in real time within designated booking windows.
Bookings under the AM window will be accepted between 9:30 a.m. and 2:20 p.m. For the PM window, bookings may be made from 2:30 p.m. to 8:30 p.m., and again from 6:00 a.m. to 9:20 a.m. the next day.
The Board also announced two daily suspension periods to facilitate the transition between pricing windows. Trading and booking activities will be paused from 2:21 p.m. to 2:29 p.m. and from 9:21 a.m. to 9:29 a.m.
GoldBod emphasised that no transactions or bookings will be processed during the suspension periods and that trading will resume immediately after each break.
The Board further reminded licensed gold buyers that all purchases must be booked in real time and within the approved booking windows. Any booking submitted outside the designated periods or during the suspension intervals will be rejected and automatically assigned to the next applicable pricing window.
GoldBod urged all licensed buyers to align their operations with the new requirements to ensure full compliance and encouraged stakeholders seeking further clarification to contact the institution through its official communication channels.
