{
  "id": 11243096,
  "title": "Kyrgyzstan eyes Ghana’s GoldBod model for gold-sector formalisation",
  "url": "https://urgent.news/2026/10/01/kyrgyzstan-eyes-ghanas-goldbod-model-for-gold-sector-formalisation",
  "topic": "world",
  "section": "World",
  "published": "2026-10-01T17:27:44.000Z",
  "source": {
    "name": "GBC Ghana",
    "slug": "gbc-ghana",
    "url": "https://www.gbcghanaonline.com/general/goldbod-model/2026/"
  },
  "original_language": "en",
  "account": "Kyrgyzstan's Foreign Affairs Minister, Jeenbek Kulubayev, has shown interest in learning from Ghana's experience in formalising its gold trading sector following a meeting with Ghana Gold Board CEO, Sammy Gyamfi. The discussion centred on the gold mining and trading industry, with a focus on formalisation, technical expertise, and investment opportunities. Gyamfi provided an update on GoldBod, Ghana's entity established in 2025, which aims to formalise the domestic gold trade, curb smuggling, and boost value retention from the country's gold resources. The ASM sector's contribution to Ghana's economy has been significant, generating approximately US$10.8 billion in foreign exchange in 2025. Gyamfi also mentioned GoldBod's efforts to strengthen domestic value addition via refining, working with local refineries to process gold before export. The reforms are intended to ensure that by-products like silver and other economic benefits from gold processing stay within the country, driving job creation. Kulubayev expressed his country's desire for stronger economic ties with Ghana, particularly in the critical minerals sector. Kyrgyzstan's gold industry had remained largely informal for around 25 years, with unlicensed operations hurting the economy's development. Major infrastructure improvements have been made since the new government prioritised the sector's formalisation in 2022. However, the foreign minister noted that Kyrgyzstan still seeks major investors to further develop its gold industry and is open to partnerships with Ghanaian businesses and experts in gold extraction and related fields. Ghana's Foreign Affairs Minister, Samuel Okudzeto Ablakwa, suggested signing a formal framework agreement between the two countries to establish a structured technical exchange framework and enhance bilateral institutional cooperation. The preliminary meeting set the stage for future bilateral agreements, technical cooperation, and exploring investment and technology transfer opportunities between Ghana and the Kyrgyz Republic.",
  "summary": "By Magdalene Andoh The Foreign Affairs Minister of the Kyrgyz Republic, Jeenbek Kulubayev, has expressed interest in Ghana’s experience in formalising gold trading following a courtesy call on the Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi. The engagement focused on opportunities within the gold mining and trading sector, particularly formalisation, technical […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Adom Online",
        "title": "Ghana, Kyrgyzstan sign five agreements to boost trade and investment",
        "url": "https://urgent.news/2026/10/01/ghana-kyrgyzstan-sign-five-agreements-to-boost-trade-and-investment",
        "published": "2026-10-01T16:19:14.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Joyce Bawah Mogtari calls for sustained investment in Ghana’s legal profession",
        "url": "https://urgent.news/2026/10/01/joyce-bawah-mogtari-calls-for-sustained-investment-in-ghanas-legal",
        "published": "2026-10-01T16:33:31.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}