Finance Minister Dr Cassiel Ato Forson has announced that the government has signed a landmark Memorandum of Understanding (MoU) under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) to secure 30% of large-scale gold production for Ghana’s strategic reserves.

In a post shared via X on August 13, 2026, Dr Ato Forson said the agreement forms part of efforts to strengthen the country’s external reserves and build a stronger financial buffer against economic shocks.

“Signed today, a landmark MoU under #GANRAP securing 30% of large-scale gold output for Ghana's strategic reserves,” he stated.

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He said the government’s target is to increase Ghana’s reserves to 15 months of import cover by 2028.

“Our target is 15 months import cover by 2028,” he added.

Dr Ato Forson expressed appreciation to the Ghana Chamber of Mines and participating large-scale mining companies for their commitment to the initiative.

According to the Finance Minister, the arrangement is expected to strengthen Ghana’s economic resilience by building a substantial reserve of gold that can serve as a buffer during periods of external economic pressure.

“Together, we are building an economic war chest that will shield our nation from external shocks, stabilise the cedi, and secure our economic future,” he stated.

The agreement forms part of government’s broader strategy to accumulate international reserves through gold and strengthen macroeconomic stability.

The government has previously said the GANRAP is aimed at building Ghana’s external buffers and increasing reserves to 15 months of import cover by the end of 2028.

The latest agreement with large-scale mining companies is expected to increase the amount of locally produced gold retained for strategic reserve accumulation while supporting Ghana’s broader efforts to strengthen the cedi and reduce vulnerability to external shocks.

Signed today, a landmark MoU under #GANRAP securing 30% of large-scale gold output for Ghana's strategic reserves.

Our target is 15 months import cover by 2028.

On behalf of the Government of Ghana, I thank the Ghana Chamber of Mines and all participating large-scale mining… pic.twitter.com/KZulGM6bcO

— Cassiel Ato Forson (PhD) (@Cassielforson) August 13, 2026