GoldBod implements new LBMA-Linked Gold pricing system

Man in a navy pinstriped suit signs papers at a desk, a green folder in front of him in a wood-paneled office.

By Prince Antwi July 2, 2026

The Ghana Gold Board (GoldBod) has introduced a new gold pricing system based on the London Bullion Market Association (LBMA) AM and PM benchmark prices, effective Tuesday, July 1, 2026.

The reform is aimed at improving transparency, operational efficiency and closer alignment with international gold market standards.

Under the new arrangement, GoldBod will publish two official gold purchase prices each trading day. 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.

To support the new structure, the Board has also introduced mandatory booking periods for all gold transactions. The AM booking window is set from 9:30 a.m. to 2:20 p.m., while the PM booking period runs from 2:30 p.m. to 8:30 p.m., and resumes from 6:00 a.m. to 9:20 a.m. the following day.

GoldBod further announced brief daily suspension intervals to facilitate the transition between pricing windows. Trading and bookings will be paused from 2:21 p.m. to 2:29 p.m. and again from 9:21 a.m. to 9:29 a.m. During these periods, no transactions will be accepted, and all bookings will automatically roll over to the next applicable pricing window if submitted outside the approved times.

The Board stressed that all licensed gold buyers are required to make real-time bookings within the designated windows. Transactions submitted outside the approved periods or during suspension intervals will be rejected.

GoldBod urged all stakeholders to adjust their operations to comply fully with the new pricing framework, adding that further clarification can be obtained through its official communication channels.