Sierra Leone Finance Minister Explores Ghana’s Goldbod Model For Mineral Revenue Reforms
The Minister of Finance of Sierra Leone, Sheku Ahmed Fantamadi Bangura, on Thursday (18 September) paid a courtesy visit to the Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi.
The discussions centred on the remarkable success of GoldBod and how Sierra Leone could adapt Ghana’s model to strengthen its mineral revenue management and drive economic growth.
Mr. Bangura praised the achievements of GoldBod, noting that the institution had quickly established itself as a blueprint for sustainable gold sector reforms in Africa.
The visit comes at a time when GoldBod is spearheading new initiatives to modernize gold trading in Ghana.
In partnership with the Ghana Commodity Exchange (GCX), GoldBod is exploring innovative platforms such as tokenization and Exchange-Traded Funds (ETFs), while engaging with the Securities and Exchange Commission (SEC) to ensure investor protection.
The initiative is expected to expand access to gold ownership and investment opportunities, while positioning Ghana as a leader in structured gold markets on the continent.
GoldBod’s work has already yielded significant results. In the first eight months of 2025, Ghana exported 66.7 tonnes of small-scale gold worth about US$6 billion — surpassing both the previous year’s total and large-scale mining output.
These reforms have boosted confidence, curbed smuggling, and supported the Bank of Ghana’s reserve programme.
The courtesy visit by Sierra Leone’s Finance Minister underscores the growing regional recognition of Ghana’s innovative gold management strategies and their potential to transform economies across West Africa.
