GoldBod sets price cap: buyers face sanctions, licence loss for paying above published rates, no more gold price games.
The Ghana Gold Board (GoldBod) has announced a new pricing threshold for gold purchases, effective June 24, 2026, warning that any licensed buyer who fails to comply will face sanctions, including prosecution, suspension, or revocation of their licence.
In a notice issued on June 23, GoldBod stated that all licensed gold buyers must purchase gold from licensed miners and licensed gold traders at a price that does not exceed the GoldBod Published Price at the time of the transaction. Where applicable, buyers may add the approved rate-gap bonus for licensed miners and up to GH¢30 from the commission allocated to tier 2 buyers.
The Board further stressed that tier 2 buyers are prohibited from adding more than GH¢30 of their allotted commission to the price at which they purchase or sell gold.
To eliminate any ambiguity, GoldBod clarified that no licensed gold buyer is permitted to purchase gold at a price exceeding the combined total of these three approved components.
