Government engages large-scale mining companies on GANRAP  

Date:

Government has engaged large‑scale mining companies to advance the implementation of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP). 

The policy is aimed at strengthening reserves and supporting a more stable cedi. 

The meeting was co‑chaired by Dr Cassiel Ato Forson, Minister of Finance, and Mr Emmanuel Armah‑Kofi Buah, Minister of Lands and Natural Resources.  

“Our focus is strengthening reserves and supporting a more stable cedi,” Dr Forson said. 

He explained that under GANRAP, government was undertaking targeted reforms to improve gold acquisition processes while ensuring greater oversight and adherence to regulatory requirements. 

The engagement brought together leadership of large‑scale mining companies, Mr Sammy Gyamfi, Chief Executive Officer of the Ghana Gold Board, and officials from the Minerals Commission. 

Dr Forson described the discussions as constructive, emphasising that the policy was being implemented in partnership with industry.  

“This is a partnership. It is not anti‑industry. It is pro‑country,” he said. 

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

Share post:

Subscribe

Popular

The 24-hour market project signals new era of commerce in Atwima Kwanoma – DCE 

Mrs Grace Agyemang Asamoah, the District Chief Executive (DCE) for Atwima Kwanoma,...

Lower Pra Community Bank records 61% profit growth 

The Lower Pra Community Bank PLC in the Shama District...

Ghana, UK sign multi-million pounds sterling  partnership to boost investments, growth  

Ghana and the United Kingdom have signed a landmark Growth...

President Mahama holds bilateral talks with UK Prime Minister Keir Starmer

President John Dramani Mahama on Tuesday held a breakfast...

More like this
Related