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Government moves to strengthen Gold reserves and stabilise the Cedi

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By Ashiadey Dotse 

The Minister for Finance, Dr. Cassiel Ato Baah Forson, has taken a new step to strengthen Ghana’s economy by pushing forward plans to increase the country’s gold reserves.

‎Earlier today Monday, May 4, 2026, the Finance Minister co-chaired a high-level meeting with the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, to advance the implementation of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).

‎According to the Minister, the policy aims to boost Ghana’s reserves and help stabilise the cedi, which has faced pressure in recent times.

‎Dr. Forson in a Facebook post said the government is working to reform the way gold is acquired in the country while ensuring stricter compliance within the mining sector.

‎He stressed that the initiative is not meant to target mining companies but rather to protect the national interest.

‎“This is a partnership. Not anti-industry, but pro-country,” he stated.

‎The meeting brought together key stakeholders in the mining sector, including large-scale mining companies, the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, and officials from the Minerals Commission.

‎The Minister says the discussions were constructive and mark an important step toward strengthening Ghana’s economic stability through better management of its gold resources.

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Source:
www.gbcghanaonline.com

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