Els: MBN360
Parliament has approved the Ghana Accelerated National Reserve Accumulation Policy, which seeks to shore up international reserves to 15 months of import cover by 2028.
The policy was presented to the House on Wedenesday, February 25, by Finance Minister, Dr. Cassiel Ato Forson, and is anchored on the Ghana Gold Board Act, which mandates the Gold Board to generate foreign exchange and support gold reserve accumulation by the Bank of Ghana.
Under the programme, Ghana is expected to reach an immediate target of 8.6 months of import cover by the end of 2026, rising to 11.8 months by the close of 2027, before attaining the 15-month goal the following year.
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The policy forms part of a broader strategy to reinforce macroeconomic stability, strengthen the cedi, and cushion the economy against external shocks.
In addition to boosting gold-backed reserve accumulation, the programme incorporates structural reforms aimed at expanding foreign exchange inflows while curbing persistent outflows. Officials say the measures are designed to enhance financial resilience and restore confidence in the country’s economic management framework.
The approval signals Parliament’s backing for an aggressive reserve build-up strategy at a time when economic stability remains a central national priority.
