GoldBod Rolls Out New LBMA-Based Gold Pricing Regime Effective July 1
The Ghana Gold Board (GoldBod) has begun implementing a new gold pricing regime tied to the London Bullion Market Association (LBMA) AM and PM pricing windows, in a move to align local gold purchases with international benchmarks.
In a press release issued by its Compliance Directorate, GoldBod announced that effective today, July 1, 2026, all licensed gold buyers and miners must adhere to the new pricing and booking structure for every transaction.
Two Official Prices Daily
Under the new regime, GoldBod will publish two official purchase prices each trading day, corresponding directly to the LBMA’s AM and PM fixes.
The AM Pricing Window runs from 9:30 a.m. to 2:20 p.m., while the PM Pricing Window covers 2:30 p.m. to 9:20 a.m. the following day.
Strict Real-Time Booking Rules
To match transactions with the correct pricing window, GoldBod has set mandatory real-time booking periods:
AM Booking Window: 9:30 a.m. – 2:20 p.m.
PM Booking Window: 2:30 p.m. – 8:30 p.m. and 6:00 a.m. – 9:20 a.m. the next day
“Every purchase must be booked in real time and strictly within the applicable booking window,” the Board stated. “Any booking submitted outside the prescribed windows or during trading suspension periods shall be rejected and deemed to relate to the next applicable pricing window.”
Trading Suspension Periods
To facilitate smooth transitions between AM and PM pricing, trading and booking will be suspended twice daily:
2:21 p.m. – 2:29 p.m.
9:21 a.m. – 9:29 a.m.
GoldBod emphasized that no bookings will be accepted during these suspension periods, with trading resuming immediately afterward.
Compliance Warning to Buyers
The Board has directed all licensed buyers to organize their trading operations to ensure strict compliance with the approved timelines.
“All licensed buyers are therefore advised to organize their trading operations to ensure strict compliance with the approved pricing and booking timelines,” the Compliance Directorate said.
The new system is expected to bring greater transparency, predictability, and alignment with global gold markets for Ghana’s small-scale mining sector and licensed aggregators.
Stakeholders seeking clarification have been urged to contact GoldBod through its official communication channels.
