U.S. Treasury Delegation Reviews Ghana’s Gold-Sector Reforms and Reserve Accumulation Strategy.

Accra, Ghana - A delegation from the United States Department of the Treasury, accompanied by officials from the Economic Section of the U.S. Embassy in Accra, has visited the Ghana Gold Board (GoldBod) to engage with the institution on Ghana’s evolving gold-sector governance framework and value-addition strategy.

The delegation were received by the Deputy Chief Executive Officer, Richard Nunekpeku, Esq. He was joined by the Director of Responsible Mining, Professor Ishmael Quaicoe, and the Deputy Director of Mining Operations, James German.

In the office meeting, Mr. Nunekpeku outlined GoldBod’s statutory mandate under the Ghana Gold Board Act, 2025 (Act 1140). The legislation places the institution at the centre of Ghana’s gold-trading architecture, with responsibility for the purchase, assaying, refining, sale and export of gold.

He further briefed the delegation on GoldBod’s role in implementing the Ghana Accelerated National Reserve Accumulation Programme, popularly known as GANRAP. The programme seeks to leverage the country’s gold resources to enhance foreign-exchange generation and strengthen Ghana’s external-reserve position.

The discussions also examined initiatives to expand domestic gold refining and reform the national assay regime. These measures form part of a broader policy effort to retain a greater share of the value generated by Ghana’s gold industry within the domestic economy, rather than exporting the resource primarily in an unrefined or minimally processed form.

Mr. Nunekpeku also highlighted plans to establish nationwide gold-traceability systems, develop bankable geological assessments and formalise the artisanal and small-scale mining sector. GoldBod has previously indicated that it intends to pilot traceability mechanisms involving hundreds of small-scale mines to verify the provenance and sustainability of gold entering the formal supply chain.

The engagement also addressed the reclamation of degraded forest landscapes and the promotion of responsible mining practices. The visit underscores the growing international interest in Ghana’s efforts to improve transparency, environmental stewardship and local value creation across the gold industry, while advancing the country’s wider economic and reserve-accumulation objectives.