Finance Minister Cassiel Ato Baah Forson has revealed that he earlier today co-chaired a strategic meeting with the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, aimed at accelerating the implementation of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
According to the Finance Minister, the engagement forms part of ongoing efforts to strengthen Ghana’s foreign reserves and support a more stable local currency.
“Our focus is strengthening reserves and supporting a more stable cedi,” he stated.
The policy, which centres on enhancing Ghana’s gold reserve accumulation, is expected to play a key role in improving macroeconomic stability. As part of the process, government is undertaking reforms in the gold acquisition framework while also tightening compliance measures within the sector.
The meeting brought together key stakeholders, including leadership of large-scale mining companies, the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, as well as officials from the Minerals Commission.
Describing the discussions as productive, Dr. Forson emphasised that the initiative is collaborative rather than adversarial.
“This is a partnership. Not anti-industry, but pro-country,” he noted.
The Ghana Accelerated National Reserve Accumulation Policy (GANRAP) is part of broader government efforts to leverage the country’s mineral resources to stabilise the economy and build resilience in the face of global financial pressures.
Story by Sheila Otuo Baffour