Cabinet has approved the Ghana Accelerated National Reserve Accumulation Policy, a strategic plan aimed at strengthening the country’s resilience to economic shocks.
Finance Minister Dr Cassiel Ato Forson announced the policy while addressing Parliament on Wednesday, February 25.
Speaking to lawmakers, Dr Forson explained that the policy seeks to increase Ghana’s international reserves to an equivalent of 15 months of import cover by the end of 2028.
“To strengthen Ghana’s resilience to economic shocks, Cabinet has approved the Ghana Accelerated National Reserve Accumulation Policy,” he said. “The policy represents Ghana’s strategic plan to strengthen external resilience by increasing the nation’s international reserve equivalent of 15 months of import cover by the end of 2028.”
The Finance Minister noted that the policy is anchored on the objectives of the Ghana Gold Board Act 2025, Act 1140, which mandates the Ghana Gold Board to generate foreign exchange for the country and support gold reserves accumulation by the Bank of Ghana.
He added that the policy is informed by the country’s cycle of economic downturns, recent macroeconomic developments, global risk assessments, and Ghana’s long-term economic transformation agenda.
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