The Ghana Gold Board (GoldBod) has directed all licensed gold buyers to ensure the prompt and accurate booking of every gold purchase transaction.
This directive establishes a mandatory requirement for purchases to be reported within five minutes of completion.
In a compliance notice issued on June 23, 2026, GoldBod said every licensed gold buyer must, immediately after completing a gold purchase transaction, communicate details of the purchase to its financing Tier 2 Buyer or Aggregator through a telephone call, text message, or any other approved communication channel for the purpose of booking the transaction.
“Effective immediately, every licensed gold buyer shall, within five (5) minutes of completing a gold purchase transaction, communicate the details of the purchase to its financing Tier 2 Buyer or Aggregator, as applicable, by telephone call, text message, or any other approved communication channel for the purpose of booking the transaction,” the notice stated.
The Board said gold purchase bookings may be undertaken during the approved trading period, commencing each morning and ending at 8:00 p.m. on every trading day.
GoldBod further directed that every licensed gold buyer must issue a receipt immediately upon completion of each purchase transaction, with every receipt clearly indicating, among other relevant particulars, the exact time of purchase.
It also instructed buyers to properly maintain all purchase receipts and supporting records and make them available for inspection upon demand by GoldBod or its authorised officers.
The Board warned that failure to promptly book purchases, maintain proper transaction records, issue receipts containing the required information, or otherwise comply with the directive constitutes a violation of Section 64 (1)(c) and (2) of the Ghana Gold Board Act, 2025 (Act 1140).
“The GoldBod wishes to emphasize that the failure to promptly book purchases, maintain proper transaction records, issue receipts containing the required information, or otherwise comply with this directive 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,” the notice said.
GoldBod advised all licensed gold buyers to comply fully and immediately with the dire
