The 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, the government was undertaking targeted reforms to improve gold acquisition processes while ensuring greater oversight and adherence to regulatory requirements.

The engagement brought together the 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 the government’s strategy to build a stronger reserve position, reduce vulnerability to external shocks, and enhance currency stability over the medium term.

The GANRAP framework is aimed at reinforcing foreign exchange stability through structured gold accumulation and improved regulatory compliance within the mining sector.