Under the new system, which takes effect on July 1, 2026, GoldBod will adopt the internationally recognised London Bullion Market Association (LBMA) Gold Price AM and LBMA Gold Price PM benchmarks as the sole basis for determining official local gold purchase prices. The Ghana Gold Board (GoldBod) has announced a new official gold pricing regime …
GoldBod adopts LBMA benchmarks for official gold pricing
Under the new system, which takes effect on July 1, 2026, GoldBod will adopt the internationally recognised London Bullion Market Association (LBMA) Gold Price AM and LBMA Gold Price PM benchmarks as the sole basis for determining official local gold purchase prices.
The Ghana Gold Board (GoldBod) has announced a new official gold pricing regime aimed at enhancing transparency, fairness, and market integrity in the country’s gold trading sector.
As part of the reform, GoldBod will publish two official gold purchase prices daily, derived from the LBMA benchmark prices and the Bank of Ghana Reference Rate. These prices will serve as the mandatory reference point for all licensed gold buyers and aggregators operating in Ghana.
According to GoldBod, the initiative is designed to align Ghana’s gold trading practices with international standards and global best practices. The move is also expected to improve pricing transparency, promote fairness in gold transactions, and strengthen confidence in the country’s gold market.
The new pricing framework forms part of GoldBod’s broader efforts to support responsible sourcing, enhance market governance, and build a globally competitive gold trading ecosystem.
