Tuesday, 12 May

GoldBod engages mining industry to support Ghana’s gold reserve accumulation drive

General News
Sammy Gyamfi in a pose with stakeholders

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