Ghana’s Finance Minister, Dr. Cassiel Ato Forson, announced that the country’s Goldbod gold purchase programme generated over $1.17 billion in foreign exchange during its first full month of operation. This significant inflow, resulting from the purchase and export of more than 11 tonnes of gold, is a key step in stabilizing the cedi and increasing local involvement in the gold trade.
Dr. Forson shared this news during the inauguration of the new Board of Directors of the Minerals Income Investment Fund (MIIF) in Accra. He urged the new board, chaired by Mr. Richard Kwame Asante, to build upon Goldbod’s success and ensure long-term value from Ghana’s mineral resources, stressing the need for MIIF to align with this new vision after a period of mismanagement between 2019 and 2024.
The Minister also highlighted MIIF’s role in increasing Ghana’s equity in mining operations and promoting local content, while also revealing plans to expand the gold purchase initiative and strengthen Ghana’s gold reserves in collaboration with MIIF and Goldbod.
Additionally, Dr. Forson pledged a renewed effort to combat mineral smuggling to ensure all precious minerals benefit the state. Mr. Asante, on behalf of the new board, committed to restoring public confidence in MIIF and aligning its operations with national development goals.
Sankofaonline
