The federal government is working with massive mining corporations as a part of its efforts to advance the implementation of the Ghana Nationwide Reserve Acceleration Coverage (GANRAP), which goals to strengthen reserves and assist a extra secure cedi.
The assembly was co-chaired by the Minister of Finance, Dr. Cassiel Ato Forson, and the Minister of Lands and Pure Sources, Mr. Emmanuel Almah Kofi Boua, and introduced collectively stakeholders from throughout the mining worth chain.
Dr Forson mentioned the coverage focuses on strengthening Ghana’s exterior buffers via a reformed gold acquisition framework and stronger compliance mechanisms.
“Our focus is to strengthen overseas trade reserves and assist a extra secure cedi,” he mentioned.
He mentioned that underneath GANRAP, the federal government is engaged on focused reforms to enhance the gold acquisition course of, whereas guaranteeing compliance with regulatory necessities and enhanced oversight.
The assembly was attended by leaders of huge mining corporations, Ghana Gold Board Chief Government Officer Sammy Gyamfi, and Minerals Fee officers.
Dr Forson mentioned the discussions had been constructive and mentioned the coverage was being carried out in collaboration with {industry}.
“It is a partnership. It isn’t anti-industry. It is pro-country,” he mentioned.
GANRAP is a part of the federal government’s technique to construct a stronger overseas trade reserve place, scale back vulnerability to exterior shocks and improve forex stability within the medium time period.
