Government Engages Mining Firms to Advance GANRAP Implementation and Strengthen Reserves
Government has initiated high-level engagements with large-scale mining firms to advance implementation of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), a key intervention aimed at strengthening the country’s external reserves and supporting cedi stability.
The meeting, co-chaired by Finance Minister Dr. Cassiel Ato Forson and Minister for Lands and Natural Resources Emmanuel Armah-Kofi Buah, brought together major stakeholders across the mining value chain, including leadership of mining companies, the Ghana Gold Board, and the Minerals Commission.
Addressing participants, Dr. Forson indicated that GANRAP is anchored on reforms to Ghana’s gold acquisition framework, alongside enhanced compliance and regulatory oversight mechanisms.
“Our focus is strengthening reserves and supporting a more stable cedi,” he stated.
He further explained that the policy seeks to streamline gold purchasing processes, improve transparency, and ensure that the country captures greater value from its gold resources to bolster foreign exchange buffers.
The engagement also had in attendance the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, who joined discussions on operationalising the policy framework.
Dr. Forson described the meeting as constructive, stressing that government’s approach is collaborative and aligned with industry interests.
“This is a partnership. It is not anti-industry. It is pro-country,” he remarked.
GANRAP remains central to government’s medium-term macroeconomic strategy, with a focus on strengthening reserve adequacy, reducing exposure to external shocks, and reinforcing exchange rate stability.
