GoldBod makes XRF assay mandatory for local gold purchases from October 1
The Ghana Gold Board (GoldBod) has announced changes to the assay regime for local gold purchases, making X-Ray Fluorescence (XRF) the definitive method for determining the purity of gold from October 1, 2026. In a compliance notice dated September 28, GoldBod said the water density method will, from October 1, be used only as an […]
The Ghana Gold Board (GoldBod) has announced a new requirement for local gold purchases, effective October 1, 2026. Starting from this date, X-Ray Fluorescence (XRF) will become the mandatory method for assessing gold purity. Previously, the water density method was used as the definitive basis for determining gold price and payment, but it will now be considered only an indicative assessment.
GoldBod emphasized that all gold purchases, whether made by the Board or its licensed buyers, must be conducted using XRF to determine purity and establish payment. The Board also introduced a tolerance requirement of plus or minus 0.1 percent for successive XRF reports on the same gold or transaction. If the purity difference exceeds this tolerance, further verification is required before the transaction can be concluded or reported to GoldBod.
Non-compliance with these new regulations could lead to regulatory and enforcement measures under the Ghana Gold Board Act, 2025 (Act 1140).
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