Thursday, 16 October

Mozambique studies Ghana’s Goldbod model amid gold market reforms

Business
Richard Nunekpeku, Deputy Chief Executive Officer of Goldbod in agroup photograph with Mozambique delegation

A high-level delegation from Mozambique’s Kimberley Process Management Unit has completed a two-day study visit to Ghana, aimed at learning from the country’s experience in regulating and certifying gold trading.

The visit, organised under the auspices of Mozambique’s Ministry of Mineral Resources and Energy, sought to draw lessons from Ghana’s successful model in managing precious minerals through effective institutional frameworks.

The Kimberley Process Management Unit is responsible for ensuring the legality and traceability of rough diamonds, precious metals, and gemstones in Mozambique.

During the exchange programme, the delegation focused on the operations of the Ghana Gold Buying and Distribution Company (Goldbod), which has emerged as a key institution in Ghana’s mineral economy and gold certification system.

Welcoming the visitors, Richard Nunekpeku, Deputy Chief Executive Officer of Goldbod, provided an overview of the company’s regulatory framework, trading mechanisms, and strategies for promoting transparency and accountability in the gold sector.

 

The study visit is expected to inform Mozambique’s ongoing reforms in gold market governance, as the country looks to strengthen oversight, boost investor confidence, and enhance the value of its mineral exports.

Source: Classfmonline.com/Cecil Mensah