The government has engaged large-scale mining companies as part of efforts to advance the implementation of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), aimed at strengthening reserves and supporting a more stable cedi.
The meeting was co-chaired by Finance Minister Dr Cassiel Ato Forson and Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah, and brought together stakeholders across the mining value chain.
Get more exclusive breaking news updates on our WhatsApp channel .
Dr Forson said the policy is focused on reinforcing Ghana’s external buffers through a reformed gold acquisition framework and stronger compliance mechanisms.
“Our focus is strengthening reserves and supporting a more stable cedi,” he said.
He stated that under GANRAP, the government is undertaking targeted reforms to improve gold acquisition processes while ensuring greater oversight and adherence to regulatory requirements.
The engagement was attended by the leadership of large-scale mining companies, the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, and officials from the Minerals Commission.
Dr Forson described the discussions as constructive and said the policy is being implemented in partnership with industry.
“This is a partnership. It is not anti-industry. It is pro-country,” he said.
GANRAP is part of the government’s strategy to build a stronger reserve position, reduce vulnerability to external shocks and enhance currency stability over the medium term.
