A new gold pricing regime based on the London Bullion Market Association’s (LBMA) pricing mechanism has been implemented by the Ghana Gold Board (GoldBod), which has established two official price windows for gold transactions per trading day.
According to a statement released by GoldBod on Tuesday, July 1, 2026, the new framework is applicable to all licensed miners and buyers of gold in the country and goes into effect immediately.
The LBMA’s AM and PM benchmark prices will be used to determine the price of gold purchases under the updated methodology. 9:30 a.m. to 2:20 p.m. is the AM pricing window, and 2:30 p.m. to 9:20 a.m. the next day is the PM pricing window.
According to GoldBod, all purchases must be made in real time during certain booking windows to guarantee that transactions are matched with the proper pricing period.
Reservations made within the AM window will be accepted from 9:30 a.m. to 2:20 p.m. Reservations for the PM window can be made between 2:30 and 8:30 p.m. and again between 6:00 and 9:20 a.m. the following day.
In order to ease the transition between pricing windows, the Board also declared two daily suspension periods. From 2:21 p.m. to 2:29 p.m. and from 9:21 a.m. to 9:29 a.m., trading and booking operations will be suspended.Bod stressed that trading will resume right away following each pause and that no bookings or transactions will be completed during the suspension periods.
Additionally, the Board reminded licensed gold buyers that all purchases must be made within the authorised booking periods and in real time.
Any reservations made outside of the specified times or during the suspension periods will be automatically moved to the subsequent pricing window.
To achieve complete compliance, GoldBod asked all licensed buyers to align their activities with the new standards. It also invited stakeholders who needed more information to get in touch with the organization via its appropriate channels.
Source: newsthemegh.com