Finance Minister Dr. Cassiel Ato Forson has described the government’s Goldbod initiative as a transformative step for Ghana’s economy, citing its potential to stabilise the cedi, increase foreign exchange inflows, and generate sustainable employment.
Speaking during a meeting with Canadian High Commissioner to Ghana, Madam Myriam Montrat, in Accra on Monday, Dr. Forson reiterated the government’s strong commitment to leveraging the initiative to tackle key economic challenges.
He said; “the Goldbod will give us better control over our gold exports and help shore up our foreign exchange reserves.”
He also said that; “there is so much to gain from this initiative, it’s part of our broader strategy to ease pressure on the cedi and shift focus from short-term revenue to long-term job creation.”
He explained that beyond enhancing the tracking and management of gold exports, the initiative is designed to support broader macroeconomic goals, including currency stability and sustained economic growth.
Addressing concerns about recent issues within Cocobod, Dr. Forson cautioned against drawing parallels that could undermine the new initiative.
“While Cocobod has faced some challenges, we must not lose sight of its significant contributions to Ghana’s development. The Goldbod builds on that legacy with a renewed focus on transparency, efficiency, and impact,” he added.
He also expressed confidence that the Goldbod will become fully operational in the near future, and noted that the government, under the IMF programme, has implemented corrective measures to address structural weaknesses inherited from the previous administration.
High Commissioner Montrat congratulated Dr. Forson on his appointment reaffirmed Canada’s continued partnership with Ghana, particularly in the areas of agriculture and Technical and Vocational Education and Training (TVET).
