Goldbod is a vehicle for achieving currency stability – Ato Forson

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, spoke about the new Ghana GoldBod. He called it a key tool for long-term currency stability and economic resilience.

At the inauguration of the 13-member Board of Directors, he said, “GoldBoD is not just another institution.” It aims to achieve currency stability and enhance transparency in gold trade. It will also support broader recovery efforts.

Dr. Forson congratulated the board members on behalf of President John Dramani Mahama. He urged them to approach their work with commitment and integrity.

He noted that Ghana's renewed focus on gold resources is paying off. As of May 13, 2025, the cedi appreciated by 16.7% against the US dollar. This makes it the strongest-performing currency globally this year.

“This turnaround is no accident,” he stated. It reflects strong coordination between monetary and fiscal policy. Improved inflows from gold, cocoa, and remittances also contributed to this success.

He emphasized that GoldBoD will be crucial for sustaining this positive trend. It will help reposition Ghana’s economy for long-term growth.

According to Dr. Forson, GoldBoD will deepen transparency in the gold sector. It will maximize returns from Ghana’s gold resources as well.

He expressed confidence in Mr. Kojo Fynn's leadership of the board. He encouraged all members to prioritize national interest above everything else.

In closing, Dr. Forson reaffirmed the Mahama administration’s commitment to a stronger economy. “Let’s continue building a stronger, more resilient economy together,” he urged.

He believes GoldBoD will be essential for Ghana's strategy toward economic independence and resource-led development.