The Finance Minister Dr Cassiel Ato Forson has said that the government is establishing the Ghana Gold Board (GOLDBOD) to support foreign exchange inflows and gold reserve accumulation for the benefit of our dear country.
To achieve this, he said, the GOLDBOD shall regulate, oversee, monitor and undertake the purchasing, assaying, refining, exporting, selling and other related activities concerning the gold resources of Ghana.
The Finance Minister said this when presenting the 2025 budget statement in Parliament on Tuesday, March 11.
He further said that the government is stabilising the Ghana Cedi and macroeconomy through an urgent economic recovery programme to shore up our foreign reserves.
“In addition, develop a deliberate policy to build economic buffers through external reserves to cushion the Ghana Cedi,” he said.
Dr Cassiel Ato Forson, also stated that government’s proposed 24-hour economy policy will be formally presented to Parliament for approval.
He announced this on Tuesday, 11th March, during the presentation of the 2025 Budget Statement and economic policy to Parliament.
The policy, a key initiative of the Mahama-led National Democratic Congress (NDC) government, aims to boost economic productivity by encouraging businesses to operate around the clock.
Dr Forson noted that the 24-hour economy has the potential to create jobs and foster sustainable economic growth.
“The Mahama-led NDC government is committed to the pursuit of the 24-hour economy policy,” he stated.
He explained that this initiative aligns with the administration’s broader agenda of enhancing economic opportunities and ensuring inclusivity in employment.
The 24-hour economy concept has been a major talking point in recent political discourse, with proponents arguing that it will maximise the use of infrastructure and resources while increasing productivity across key sectors.
The Finance Minister assured Parliament that measures are being put in place to ensure a smooth rollout of the policy, including incentives for businesses willing to operate beyond traditional working hours.
As part of the government’s economic transformation strategy, Dr Forson noted that the 24-hour economy policy would be a catalyst for industrial expansion and investment.
He urged Parliament to support the initiative once it is formally presented, stating that its success would depend on collaboration between the public and private sectors.
The post GOLDBOD is to support foreign exchange inflows – Finance Minister first appeared on 3News.
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