The Ghana Gold Board (GoldBod) has engaged licensed gold traders as part of its continuous efforts to improve openness, fairness, and best practices in Ghana’s artisanal and small-scale mining (ASM) gold trade.
In order to provide better value protection for miners, merchants, and the Ghanaian economy, the engagement concentrated on bringing gold trading procedures into line with industry and international norms.
Key measures to be adopted include:
Adoption of the LBMA pricing formula and trading window to promote fair and transparent gold pricing.
Ensuring all gold transactions are recorded and booked within the approved LBMA pricing window to strengthen accountability and improve market confidence.
GoldBod is still dedicated to creating an ethical ASM gold business that safeguards Ghanaian miners, encourages moral commerce, and sets up Ghana’s gold sector for greater involvement in international markets.
