GoldBod has successfully gained worldwide backing for Ghana’s initiative to source materials responsibly, during the LBMA summit held in London. This achievement highlights the growing international recognition and support for Ghana’s efforts in promoting ethical and sustainable sourcing practices within the global market.
The Ghana Gold Board, also known as GoldBod, has successfully garnered robust international backing for Ghana’s initiatives focusing on responsible sourcing, formalisation of small–scale mining (ASM), traceability, and adding value to the gold sector. This achievement came during the Sustainability & Responsible Sourcing Summit 2026, which was held in London and jointly organised by the London Bullion Market Association and the World Gold Council.
GoldBod was specifically invited to take part in a high–level discussion within the International Bullion Centres (IBC) Association.
This invitation was a reflection of Ghana’s increasing significance within the global gold supply chain.
Richard Nunekpeku, representing GoldBod, shared details about the regulatory model that GoldBod has developed, as well as the ongoing reforms the organisation is implementing. These reforms are aimed at reinforcing responsible sourcing, improving traceability, enhancing local refining capabilities, and promoting the formalisation of small–scale mining activities.
One of the major results from these discussions was the London Bullion Market Association’s (LBMA) acknowledgment of Ghana’s rising strategic importance in the global precious metals market. The LBMA has committed itself to exploring policy structures that will help further establish Ghana as a key player in the international gold market.
The LBMA also showed strong support for GoldBod’s efforts related to traceability and the formalisation of small–scale mining.
They believe these initiatives are essential for ensuring responsible sourcing and for maintaining the integrity of Ghana’s gold supply chain.
As part of their commitment, the LBMA has pledged to work hand in hand with GoldBod to develop internationally standardised traceability systems, responsible sourcing guidelines, and compliance protocols for the small–scale and artisanal mining sector.
Furthermore, the association expressed its intent to help create practical tools and industry best practices that will help increase transparency, make audits more effective, and assist in the gradual integration of Ghana’s small–scale mining sector into global responsible gold supply chains.
In his comments on these developments, Richard Nunekpeku remarked that the discussions demonstrate a growing international trust in Ghana’s efforts to reform its gold sector and underline the country‘s strong aspirations to emerge as a leading producer of responsibly sourced gold.
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