On July 1, 2026, a new era began for Ghana’s gold trading industry. The Ghana Gold Board (GOLDBOD) rolled out a gold pricing system designed to match the precision and transparency of the world’s leading markets. Effective immediately, gold prices in Ghana will now be set twice daily, tracking the London Bullion Market Association (LBMA) AM and PM pricing windows.
For gold dealers and buyers, this means that each trading day will feature two official purchase prices, one set in the morning and another in the afternoon, mirroring the global benchmarks. The AM pricing window spans from 9:30 a.m. to 2:20 p.m., while the PM window stretches from 2:30 p.m. through to 9:20 a.m. the following day.
To keep transactions in step with these changes, GOLDBOD has instituted precise booking windows: gold purchases during the AM session must be booked between 9:30 a.m. and 2:20 p.m., while PM session bookings are accepted between 2:30 p.m. and 8:30 p.m., and again from 6:00 a.m. to 9:20 a.m. the next day. Brief scheduled trading suspensions, daily from 2:21 p.m. to 2:29 p.m. and from 9:21 a.m. to 9:29 a.m., allow for smooth transitions between these key windows. During these short intervals, trading pauses and no bookings are accepted, before operations quickly resume.
GOLDBOD made it clear: all licensed gold buyers are now required to book purchases in real time and within the prescribed windows. Any attempt to trade outside these periods, or during a suspension, will result in the transaction being rejected and shifted to the next appropriate window.
The Compliance Directorate of the Ghana Gold Board, in its official statement, urged every licensed buyer to swiftly adapt their practices to uphold the new standards. Stakeholders were encouraged to reach out to GOLDBOD through official channels for any further clarification as the industry embraces this landmark change in gold pricing and trading.
Source: Apexnewsgh.com