The Ghana Gold Board (GoldBod) has announced the implementation of an approved pricing threshold for the purchase of gold by licensed buyers, a move aimed at promoting transparency, stability, and discipline within Ghana’s gold trading sector.
The new directive, which takes effect from Wednesday, June 24, 2026, follows extensive consultations and stakeholder engagements between GoldBod and licensed gold buyers across the country.
Under the new framework, all licensed gold buyers are required to purchase gold from licensed miners and licensed gold traders at a price that does not exceed the GoldBod published price at the time of purchase, plus any approved rate gap bonus applicable to licensed miners, and an additional amount of up to GH¢30 from the commission allocated to Tier 2 buyers.
GoldBod clarified that Tier 2 buyers are not permitted to add more than GH¢30 from their allotted commission to the purchase or sale price of gold. Consequently, no licensed buyer is allowed to purchase gold above the combined value of these approved pricing components.
According to the Board, the measure forms part of ongoing efforts to strengthen regulatory oversight, ensure fairness in the gold market, and protect the integrity of the country’s formal gold trading ecosystem.
The directive is also expected to create a more predictable and transparent pricing environment for miners, traders, and aggregators operating within the GoldBod licensing framework.
In the notice issued by the Board on Tuesday, June 23, 2026, licensed gold buyers were directed to comply strictly with the approved pricing threshold, warning that any breach would constitute a violation of the terms and conditions governing their licences.
GoldBod emphasized that non-compliance could amount to an offence under Section 63(1)(c) and (2) of the Ghana Gold Board Act, 2025 (Act 1140).
The Board further stated that operators found purchasing gold in contravention of the directive could face a range of enforcement measures, including prosecution, suspension of licence, or revocation of licence.
The latest intervention is seen as part of GoldBod’s broader efforts to formalise Ghana’s gold trading sector, enhance market efficiency, and ensure that all participants operate within a transparent and accountable regulatory framework.
Since its establishment, GoldBod has implemented a series of reforms aimed at strengthening oversight of gold purchases, combating illicit trading, improving traceability, and safeguarding the interests of legitimate market participants.
The Board expressed confidence that the cooperation of licensed gold buyers would help maintain the integrity, stability, and long-term sustainability of Ghana’s gold trading ecosystem while supporting the country’s broader objective of maximising benefits from its mineral resources.
