Ghana’s approach to managing natural resources took centre stage at a high-level meeting in Washington, where finance ministers from five African nations praised the country’s GoldBod model as a benchmark for resource-led development across the continent.

The meeting, held on the sidelines of the 2025 IMF–World Bank Annual Meetings, included finance ministers from Ghana, Liberia, Sierra Leone, The Gambia, and Sudan, and featured strategic discussions with the President of the African Development Bank (AfDB), Dr. Sidi Ould Tah.

Among Africa’s development challenges, the topic of natural resource governance stood out — and Ghana’s GOLDBOD drew particular commendation. Several ministers applauded the model for successfully transforming how Ghana leverages its gold resources to support economic growth, stabilize the exchange rate, and promote sustainable development.

They highlighted that the GoldBod approach marks a departure from traditional practices, illustrating how African countries can extract more value from their natural wealth while improving transparency and accountability.

Ghana’s GoldBod is the sole entity with the exclusive mandate to buy, sell, weigh, grade, assay, value, and export gold and other precious minerals in the country. It operates under the oversight of the Ministry of Finance and plays a central role in regulating the sector and ensuring that mineral exploration supports national development.