The Ghana Gold Board (GoldBod) has engaged licensed gold traders as part of efforts to strengthen operational standards and enhance transparency within Ghana’s artisanal and small-scale mining (ASM) gold sector.
The discussions centred on measures aimed at ensuring that gold trading activities align with international best practices, while safeguarding value across the supply chain—from miners and traders to the broader economy.
A key outcome of the engagement was the adoption of the London Bullion Market Association (LBMA) pricing formula and trading window to guide gold transactions.
GoldBod said the initiative is expected to promote fair and transparent pricing, strengthen market confidence, and improve trust among stakeholders in the sector.
Officials also emphasised the importance of ensuring that all gold transactions are properly documented and executed within the approved LBMA trading window.
According to the Board, this requirement will enhance accountability, improve market oversight, and support ongoing efforts to formalise the ASM gold trading space.
GoldBod added that the engagement forms part of its broader agenda to build a more responsible and ethical gold trading system that supports sustainable growth and strengthens Ghana’s position in the international gold market.