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The Ghana Gold Board (GoldBod) has announced a new pricing framework for licensed gold buyers, introducing a strict threshold that will govern gold purchases nationwide from June 24, 2026.
The directive, which follows consultations with stakeholders in the gold trading industry, requires all licensed buyers to comply with a standard pricing formula. The formula incorporates the official GoldBod purchase price at the time of transaction, an approved rate-gap incentive for miners where applicable, and a regulated commission for Tier 2 buyers.
Under the revised arrangement, Tier 2 buyers may add a maximum of GHS30 from their allocated commission to any gold transaction. GoldBod emphasized that this limit is mandatory and must not be exceeded under any circumstances.
According to the Board, the policy is designed to eliminate inconsistent and arbitrary pricing practices that have affected the local gold market and to promote greater transparency in gold trading activities.
GoldBod also announced stricter enforcement measures under the Ghana Gold Board Act, 2025, warning that violations of the new pricing threshold will constitute an offence.
The regulator stated that sanctions for non-compliance could include prosecution, suspension of licences, or the complete revocation of operating permits.
In a statement issued on June 23, 2026, the Board indicated that compliance monitoring would be intensified as part of broader efforts to strengthen oversight of the gold sector, stabilise trading activities, and safeguard the integrity of licensed operations.
GoldBod has therefore urged all licensed buyers to strictly adhere to the directive, stressing that enforcement measures against violators will be swift and uncompromising.
Source: citinews
