GOLDBOD is to support foreign exchange inflows – Finance Minister

Finance Minister Dr. Cassiel Ato Forson has announced the establishment of the Ghana Gold Board (GOLDBOD) to enhance foreign exchange inflows and gold reserve accumulation. The board will regulate, oversee, and manage gold-related activities, including purchasing, refining, and exporting.

Presenting the 2025 budget, Dr. Forson also highlighted the government’s economic recovery programme, aimed at stabilizing the Ghana Cedi and strengthening foreign reserves.

Additionally, he introduced the 24-hour economy policy, a key initiative of the Mahama-led NDC government, designed to boost productivity and job creation by encouraging businesses to operate around the clock. The policy aims to enhance economic opportunities and will be formally presented to Parliament.

Dr. Forson assured that measures are in place for its smooth rollout, emphasizing public-private collaboration for success.