Ghana’s success in gold regulation has drawn international attention, with a high-level Mozambican delegation completing a study visit to learn from the country’s gold trading and certification systems.
The mission marks a deepening of South–South cooperation between the two African nations in strengthening mineral governance and transparency in the extractive sector.
Welcoming the delegation in Accra, Mr. Richard Nunekpeku (Esq.), Deputy Chief Executive Officer of Goldbod, outlined the agency’s mandate and institutional framework, explaining how the Ghanaian model has helped sanitize gold trading and boost the country’s economic resilience.
“Goldbod was created with clear objectives.
“Our primary role is to ensure that Ghana’s gold and other precious minerals are fully leveraged to strengthen the foreign exchange regime and to support the accumulation of gold reserves by the Bank of Ghana.”
Mr. Richard Nunekpeku (Esq.), Deputy Chief Executive Officer of Goldbod
He explained that Goldbod established as part of sweeping government reforms in the mineral sector now holds exclusive responsibility for buying, selling, and assaying gold in Ghana.
Through this centralised structure, the agency ensures transparency, compliance, and proper valuation of all gold transactions.
Mr. Nunekpeku revealed that Goldbod is on the verge of launching a track-and-trace system designed to enhance accountability in the gold trade. The digital platform, set to commence operations in November 2025, will allow the tracing of every ounce of gold from source to sale.
“This innovation will transform how gold is tracked in Ghana.
“It will not only deter illicit trading but also promote responsible sourcing and strengthen investor confidence.”
Mr. Richard Nunekpeku (Esq.), Deputy Chief Executive Officer of Goldbod
He added that the traceability initiative forms part of Ghana’s broader strategy to align its mineral governance framework with global best practices, reinforcing the country’s image as a hub for ethical gold sourcing in West Africa.
Learning from Ghana’s Gold Governance Model
Mozambique’s Kimberley Process management, which oversees the legality of rough diamonds, precious metals, and gemstones, expressed keen interest in Ghana’s regulatory system as it seeks to develop its own gold trading oversight structure.
The delegation’s focus was on understanding the institutional relationships between Goldbod, the Bank of Ghana, and the Minerals Commission, as well as the mechanisms used to ensure financial and operational accountability.
During discussions, Mr. Nunekpeku provided detailed insight into Goldbod’s Self-Financing Aggregator License (SFAL) a framework that allows private sector participation in the gold trade under strict state supervision.
He emphasized that this structure prevents revenue leakages and strengthens Ghana’s foreign exchange inflows, with over $6 billion in annual gold export revenues now being processed through formal channels.
Strengthening South–South Cooperation
The study visit forms part of a wider initiative to deepen collaboration among African countries on responsible mineral governance and sustainable development.
Mozambique’s interest in Ghana’s model, analysts say, reflects growing recognition of the “Ghana Gold Standard,” a framework that integrates traceability, financial oversight, and environmental responsibility.
Ghana’s experience has become a reference point for African policymakers looking to formalize artisanal and small-scale mining operations, increase export transparency, and curb illicit trade in precious minerals.
For both Ghana and Mozambique, the exchange marked a milestone in strengthening Africa’s homegrown capacity to govern its natural resources.
The two countries share a vision of transforming the continent’s extractive industries into engines of inclusive growth, sustainable jobs, and fiscal resilience.
As Goldbod continues to expand its institutional partnerships, Ghana’s gold sector stands poised to serve as a continental model for transparency, traceability, and sustainable development.
With the upcoming launch of its digital traceability platform, Goldbod is not only shaping the future of Ghana’s gold economy—it is also setting a new standard for mineral governance across Africa.
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