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Ghana unveils gold-backed reserve strategy to build 15-month import cover

Cassiel Ato Forson, Ghana's Finance Minister. Photo: Ministry of Finance/Facebook
Cassiel Ato Forson, Ghana's Finance Minister. Photo: Ministry of Finance/Facebook
  • Targeting 15 months of import cover by 2028
  • Weekly gold purchases to drive $9.5bn yearly buildup

 

ACCRA, GHANAGhana plans to triple its import cover to 15 months by 2028 under a gold-backed reserve strategy aimed at reducing reliance on borrowing and shielding the economy from global shocks.

Finance Minister Cassiel Ato Forson presented the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) to Parliament, outlining an ambitious shift from debt-driven reserve growth to domestic gold mobilisation.

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