The Ghana Gold Board (GoldBod) has commenced the implementation of a new gold pricing regime based on the London Bullion Market Association (LBMA) pricing system.
In a press release issued on Tuesday, July 1, 2026, GoldBod announced that all gold purchases will now be conducted under two official pricing windows each trading day, aligned with the LBMA AM and PM pricing benchmarks.
According to the Board, the new system takes immediate effect and applies to all licensed gold buyers and licensed miners across the country.
Under the arrangement, the AM pricing window will run from 9:30 a.m. to 2:20 p.m., while the PM pricing window will cover the period from 2:30 p.m. to 9:20 a.m. the following day.
To ensure transactions are matched to the correct pricing period, GoldBod said all gold purchases must be booked in real time within designated booking windows.
The AM booking window will operate from 9:30 a.m. to 2:20 p.m., while PM bookings can be made between 2:30 p.m. and 8:30 p.m., as well as from 6:00 a.m. to 9:20 a.m. the next day.
GoldBod also announced temporary trading suspension periods to facilitate transitions between the AM and PM pricing windows. Trading and booking activities will be halted from 2:21 p.m. to 2:29 p.m. and from 9:21 a.m. to 9:29 a.m. daily.
The Board stressed that no bookings will be accepted during these suspension periods and that trading will resume immediately afterward.
GoldBod further reminded licensed gold buyers that all purchases must be booked in real time and strictly within the approved booking windows.
It warned that any booking submitted outside the designated periods or during suspension times will be rejected and automatically assigned to the next applicable pricing window.
The Board urged all licensed buyers to adjust their operations to ensure full compliance with the new pricing and booking requirements.
GoldBod encouraged stakeholders seeking further clarification to contact the institution through its official communication channels.
