The Ghana Gold Board (GoldBod) has intensified engagements with the Ghana Chamber of Mines and large-scale mining companies as part of efforts to support the successful implementation of the Ghana Accelerated National Reserve Accumulation Programme (GANRAP) 2026–2028.
According to GoldBod, the initiative forms part of the government’s broader strategy to strengthen Ghana’s foreign reserve position through the responsible sourcing and accumulation of locally produced gold.
In a statement shared on social media on Tuesday May 12, 2026, GoldBod described GANRAP as a “bold national initiative” aimed at increasing Ghana’s foreign reserve cover to 15 months of imports by 2028.
The programme is also expected to help stabilise the cedi and reinforce the country’s economic resilience.The reserve accumulation programme has set interim targets of 8.6 months of import cover by 2026 and 11.8 months by 2027.
To achieve these goals, the government plans to purchase approximately 3.02 tonnes of gold every week to build the nation’s reserves.
GoldBod indicated that ongoing dialogue and collaboration with industry players are crucial to ensuring a steady supply of gold, regulatory compliance, and transparency throughout the implementation of the programme.
The agency further noted that the engagement demonstrates a shared commitment between government and the mining industry to maximise the value of Ghana’s mineral resources while positioning the country for long-term economic stability.
The meetings are also expected to strengthen cooperation between policymakers and mining companies as Ghana seeks to leverage its gold resources to support macroeconomic stability and reserve growth.
CREDIT: Mavis Fantevi
