News
GoldBod changes gold testing rules for local purchases from October 1
The Ghana Gold Board (GoldBod) has announced changes to how the purity of gold will be tested for local purchases, with the new rules taking effect from October 1, 2026.
The notice was issued today by the Compliance Directorate of the Ghana Gold Board.
Under the new arrangement, the Water Density method will only be used to give an indication of the purity of gold and will no longer serve as the final basis for determining its purity, price or payment.
In a compliance notice issued on September 28, GoldBod said X-Ray Fluorescence (XRF) testing would become the definitive method for determining the purity of gold doré purchased by the Board and its licensed buyers.
It explained that the applicable payment for gold would therefore be based on the purity determined through the XRF method.
However, GoldBod said where a licensed buyer is unable to use XRF due to genuine operational or logistical challenges, or where both the buyer and seller voluntarily agree to use the Water Density method, the gold would be purchased at a 0.7 percent purity discount.
The Board introduced a tolerance level for differences between successive XRF test results for the same gold or transaction.
According to the notice, the permissible difference between one XRF report and another must remain within plus or minus 0.1 percent.
GoldBod said any difference beyond that range would have to be verified before the transaction is completed or reported to the Board.
The new requirements apply to all aggregators and licensed gold buyers, who have been directed to ensure that they are fully prepared to comply with the changes by October 1.
GoldBod said the notice forms part of the terms and conditions of licences issued to aggregators and licensed gold buyers.
It warned that failure to comply with the new requirements would constitute a breach of the applicable licence conditions and could result in regulatory or enforcement action under the Ghana Gold Board Act, 2025 (Act 1140).
By: Jacob Aggrey
Management and staff of Owass FM have announced the passing of media personality, comedian and politician Seth Kwame Dzokoto following a medical emergency during a live morning show discussion at the station earlier today.
According to the station, Dzokoto was participating in a panel discussion on its morning show “Oman Nkoso” when he suddenly took ill and collapsed.
A statement from the station said its team immediately rushed him to the hospital for medical attention, but he was pronounced dead by the attending medical doctor upon arrival.
“We are deeply saddened by this unfortunate incident, which occurred in the course of our regular programming. Our thoughts and prayers are with his family, loved ones, colleagues, and all those who have been affected by his passing,” the statement said.
Management acknowledged that information about the incident is already circulating in the public domain, but appealed to the public and colleague media houses to respect the privacy of the bereaved family and refrain from circulating unverified information or speculation regarding the circumstances of his death.
Owass FM extended its heartfelt condolences to the family of Seth Kwame Dzokoto.
By Edem Mensah-Tsotorme
The State through the Attorney General (AG) has filed an appeal at the Supreme Court challenging the suspension of the trial in the case of The Republic v Hanan Aludiba and Faiza Seidu.
On Monday, the Court of Appeal suspended the trial in the case. But the prosecution says it has filed an appeal against the suspension order.
According to the update, the law does not allow a criminal trial to be suspended simply because an accused person has complained about some of the charges on the charge sheet, particularly when those complaints were dismissed as meritless.
It argues that if the Court of Appeal’s decision is allowed to stand, no prosecution will ever be possible, since all it would take for a trial to be suspended is an accused person complaining about anything on the charge sheet.
By Edem Mensah-Tsotorme
