The Ghana Gold Board (GoldBod) has held a strategic engagement with licensed gold traders as part of efforts to strengthen transparency, accountability, and professionalism within Ghana’s artisanal and small-scale mining (ASM) gold sector.

The meeting forms part of GoldBod’s broader agenda to formalise the gold trading industry, promote responsible sourcing practices, and ensure that Ghana derives maximum value from its gold resources.

Discussions during the engagement held on Monday, June 22, 2026, focused on aligning gold trading activities with internationally accepted standards while protecting the interests of miners, traders, and the national economy.

A key outcome of the engagement was the introduction of measures aimed at improving price transparency and enhancing confidence in the gold trading ecosystem. Among the measures is the adoption of the pricing formula and trading window of the London Bullion Market Association (LBMA), a globally recognised benchmark for gold pricing.

According to GoldBod, the adoption of the LBMA pricing mechanism will help ensure that gold is traded at fair and transparent market prices, thereby safeguarding the interests of both miners and licensed traders.

The Board also emphasized the importance of recording and booking all gold transactions within the approved LBMA trading window. This measure is expected to improve accountability, strengthen market integrity, and provide greater transparency throughout the gold purchasing process.

The engagement provided an opportunity for GoldBod and licensed traders to discuss practical ways of enhancing efficiency within the sector while promoting compliance with regulatory requirements and international best practices.

GoldBod noted that the reforms being implemented are designed to build a more structured and responsible gold trading ecosystem capable of supporting sustainable growth within Ghana’s ASM sector.

The Board reaffirmed its commitment to working closely with licensed operators to promote ethical trading practices, improve traceability, and strengthen confidence in Ghana’s gold value chain.

Through continued stakeholder engagement and regulatory reforms, GoldBod aims to position Ghana’s gold industry as a model for responsible sourcing, transparency, and competitiveness within the global gold market.

The engagement forms part of ongoing efforts by GoldBod to build a modern, transparent, and internationally competitive gold trading framework that benefits miners, traders, investors, and the Ghanaian economy as a whole.