Goldbod is a vehicle for achieving currency stability – Ato Forson

Ghana’s Finance Minister, Dr. Cassiel Ato Forson, spoke at the inauguration of the Ghana Gold Board (GoldBoD). He called it a strategic tool for currency stability and economic resilience.

Dr. Forson emphasized that GoldBoD is not just another institution. It aims to achieve currency stability, enhance transparency in gold trade, and support recovery efforts. He congratulated the board members on behalf of President John Dramani Mahama.

He urged them to approach their work with commitment and integrity. Dr. Forson noted that Ghana's focus on gold resources is paying off. As of May 13, 2025, the cedi appreciated by 16.7% against the US dollar.

This performance is the strongest globally this year. “This turnaround is no accident,” he said. It reflects strong coordination between monetary and fiscal policy.

Improved inflows from gold, cocoa, and remittances also contributed to this success. Firm discipline in managing public finances played a role as well.

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

The GoldBoD will deepen transparency and maximize returns from the gold sector. “It will ensure the sector contributes more meaningfully to our economic transformation,” he explained.

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

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

He believes GoldBoD will be key in Ghana’s strategy for economic independence and resource-led development.