The Government of Ghana has intensified efforts to implement the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) through renewed engagement with large-scale mining companies, aimed at strengthening foreign reserves and supporting a stable cedi.
The high-level meeting, co-chaired by Finance Minister Dr. Cassiel Ato Forson and Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah, brought together key players across the mining value chain to align on policy direction.
Addressing stakeholders, Dr. Forson emphasised that GANRAP is designed to reinforce Ghana’s external buffers through reforms in gold acquisition and improved compliance systems.
“Our focus is strengthening reserves and supporting a more stable cedi,” he stated, underscoring the policy’s macroeconomic importance.
He explained that the initiative seeks to improve how gold is sourced and managed, while ensuring stronger regulatory oversight to enhance transparency and efficiency.
Industry Partnership Approach
The engagement included senior officials such as Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board, as well as representatives from the Minerals Commission.
Dr. Forson described the discussions as constructive and collaborative, stressing that the policy is being implemented with industry support rather than in opposition to it. “This is a partnership. It is not anti-industry. It is pro-country,” he noted.
GANRAP is a central pillar of Ghana’s broader economic strategy to build a stronger reserve position, reduce exposure to external shocks, and enhance currency stability over the medium term.
By deepening collaboration between government and mining firms, authorities aim to maximise value from the country’s gold resources while reinforcing macroeconomic resilience.
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