The Ghana Gold Board (GoldBod) has ordered all licensed gold buyers to ensure that each gold purchase transaction is communicated to their financing Tier 2 Buyer/Aggregator within 5 minutes of the transaction, effective immediately.
The compliance notice, which was issued on 23rd June 2026, is aimed at reminding all licensed gold buyers of their responsibility to ensure that all gold purchases, from licensed miners and licensed gold traders are booked in a timely and accurate manner.
GoldBod further added that the communication must be made by telephone call, text message, or any other approved communication channel for the purpose of booking the transaction.
The GoldBod added that gold purchase bookings may be undertaken during the approved trading period commencing each morning and ending at 8:00 pm on every trading day.
The directive also urged all licensed gold dealers, when buying, to provide a receipt for each transaction upon the completion of the transaction with the receipt also indicating the specific time of purchase among other details.
GoldBod then advised gold buyers to fully comply to the directive warning that failure to promptly book purchases, maintain proper transaction records, or issue receipts containing the required information constitutes a violation of Section 64(1)(c) and (2) of the Ghana Gold Board Act, 2025 (Act 1140) and shall attract the applicable sanctions and enforcement measures prescribed under the Act.
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