The Government of Ghana has endorsed a fresh strategy aimed at reinforcing the country’s economic stability and cushioning it against future financial disturbances.

Speaking in Parliament today Finance Minister Dr Cassiel Ato Forson announced that the Ghana Accelerated National Reserve Accumulation Policy is designed to increase the country’s foreign reserves to provide up to 15 months of import cover by the close of 2028.

He noted that the initiative is anchored on the Ghana Gold Board Act, which mandates the Gold Board to mobilise foreign exchange and support the expansion of Ghana’s gold holdings at the Bank of Ghana.

According to the minister, the policy was crafted in light of previous economic crises, ongoing global and local pressures, and the country’s broader development agenda.

“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.”