African Finance Ministers praise Ghana’s GOLDBOD model at AfDB meeting in Washington
Ghana’s innovative approach to natural resource management has received strong commendation from several African Finance Ministers at a high-level dialogue in Washington, D.C.
At the meeting held on the sidelines of the 2025 IMF and World Bank Annual Meetings, Finance Ministers from Liberia, Sierra Leone, The Gambia, Sudan, and Ghana met with the President of the African Development Bank Group, Dr. Sidi Ould Tah, to discuss strategies for sustainable economic transformation across the continent.
Discussions on resource governance took centre stage, with Ghana’s Gold Board, known as GOLDBOD, earning particular praise for its effectiveness in ensuring transparency, value retention, and stability in the gold sector.
The ministers lauded GOLDBOD’s success in turning Ghana’s gold resources into a reliable engine for economic growth and exchange rate stability, describing it as a model worth replicating across Africa.
Several participants expressed interest in adopting similar frameworks to enhance accountability and derive greater value from their natural resources.
GOLDBOD, which operates under the Ministry of Finance, holds the exclusive mandate to regulate, buy, sell, assay, and export gold and other precious minerals. Its work has been instrumental in aligning Ghana’s mineral wealth with the country’s broader development goals.
