Government Engages Large-Scale Mining Firms on Gold Reserve Policy

Edited by: Solomon Kwabena Nana-Ansah – Paaps – 

Accra, May 5, 2026 — The Government of Ghana has engaged large-scale mining companies as part of ongoing efforts to advance the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), a key initiative aimed at strengthening the country’s reserves and supporting a more stable cedi.

The high-level meeting was co-chaired by the Minister for Finance, Dr. Cassiel Ato Forson, and the Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah. It brought together major stakeholders across the mining value chain.

Addressing participants, Dr. Forson indicated that GANRAP is focused on reinforcing Ghana’s external buffers through a reformed gold acquisition framework, supported by strengthened compliance mechanisms.

“Our focus is strengthening reserves and supporting a more stable cedi,” he stated.

He explained that the policy includes targeted reforms to improve gold acquisition processes while ensuring stricter oversight and adherence to regulatory requirements.

The meeting was attended by leaders of large-scale mining firms, alongside the Chief Executive Officer of the Ghana Gold Board, Sammy Gyamfi, and officials from the Minerals Commission.

Dr. Forson described the engagement as constructive, stressing that the policy is being implemented in collaboration with industry players.

“This is a partnership. It is not anti-industry. It is pro-country,” he emphasised.

GANRAP is a central component of government’s broader economic strategy to build a stronger reserve position, reduce vulnerability to external shocks, and enhance currency stability over the medium term.