Jemima Okang Addae
1 minute read
The Ghana Gold Board has announced an approved pricing threshold for the purchase of gold, effective June 24, 2026, and has warned licensed buyers that non-compliance will result in prosecution, licence suspension, or revocation.
In a notice issued on June 23, the GoldBod directed that all licensed gold buyers shall 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 the approved rate-gap bonus for licensed miners where applicable, and up to GH¢ 30.00 from the allotted commission for tier 2 buyers.
The GoldBod emphasised that no tier 2 buyer is allowed to add more than GHS 30 of their allotted commission to the price at which they buy or sell gold. For the avoidance of doubt, no licensed gold buyer shall purchase gold at a price above the aggregate of the three components.
The decision follows extensive stakeholder engagements and consultations with licensed buyers, according to the statement.
The GoldBod reminded all licensed buyers that failure to comply with the approved pricing threshold constitutes a breach of the terms and conditions governing their licence and shall amount to an offence under section 63 (1) (c) and (2) of the Ghana Gold Board Act, 2025 (Act 1140).
Any licensed gold buyer found to be purchasing gold in contravention of the notice shall be subject to enforcement actions, including prosecution, suspension of licence, or revocation of licence.
The GoldBod counted on the cooperation of all licensed gold buyers to ensure the continued integrity, stability, and sustainability of Ghana’s gold trading ecosystem.
