GoldBod engages mining industry to support Ghana’s gold reserve accumulation drive
The Ghana Gold Board (GoldBod), on behalf of the Government of Ghana, is intensifying strategic engagements with the Ghana Chamber of Mines and large-scale mining companies as part of efforts to implement the Ghana Accelerated National Reserve Accumulation Programme (GANRAP) 2026–2028.
The programme is a national initiative aimed at strengthening Ghana’s foreign reserve position to 15 months of import cover by 2028, using responsibly sourced local gold to support currency stability and reinforce economic resilience.
Under GANRAP, Ghana is targeting 8.6 months of import cover by 2026 and 11.8 months by 2027, with plans to purchase approximately 3.02 tonnes of gold weekly to steadily build national reserves.
According to GoldBod, the ongoing engagements with industry stakeholders are focused on ensuring consistent gold supply, strict regulatory compliance and enhanced transparency in the execution of the reserve accumulation strategy.
The initiative is expected to align mining sector operations with national economic priorities while maximising the value derived from Ghana’s gold resources.
Officials say the programme reflects a shared commitment between government and the mining industry to strengthen macroeconomic stability and position Ghana for long-term financial resilience through structured reserve accumulation.
Source: Classfmonline.com/Cecil Mensah
Trending News

Ghana High Commission halts South Africa evacuation registration as 1,500 sign up
08:17
Ghana’s Ambassador to Brazil calls Transatlantic Slave Trade “gravest crime against humanity”
14:32
Vice President, First Lady and Muntaka attend funeral rites of Sammy Gyamfi's in-law in Kumasi
08:07
Weija Dam Spillage: MP demands emergency aid for affected communities
15:20
First batch of evacuated Ghanaians from South Africa expected in Accra today
09:11
GFL commends ICJ and ITUC over landmark ruling
06:29
Alliance of Transport Operators flags GPRTU 's fare increment u-turn
08:12
Kofi Adams advocates for free movement across Africa to boost sports development
14:00
Razak Kojo Opoku urges Ntim Fordjour to take note of ‘smuggled clauses’ in Anti-LGBTQ Bill to review when NPP returns to office in 2029
02:01
Weija dam spillage: Ga Mantse, demands arrest of chiefs selling lands in waterways
15:04


