The Minority in Parliament has strongly criticised the government’s plan to accelerate Ghana’s foreign exchange reserves, warning that the policy prioritises macroeconomic projections over the urgent socio-economic needs of ordinary Ghanaians.

The Ghana Accelerated National Reserve Accumulation Policy, announced recently, seeks to increase the country’s international reserves to 15 months of import cover by 2028, with an interim target of 8.6 months by the end of 2026.

The plan is set to be anchored on operations of the Ghana Gold Board, with all foreign exchange generated sold directly to the Bank of Ghana.

Minority Leader Alexander Afenyo-Markin described the initiative as “an overemphasis on fiscal modelling,” stressing that citizens are more concerned with tangible improvements in livelihoods than projections of reserve buffers.

He pointed to the government’s previous reliance on eurobond borrowings, which cost the state $2.5 billion in interest payments, as evidence of flawed fiscal priorities.

“The pressing issues for Ghanaians today are jobs and economic opportunities, not abstract macroeconomic targets,” Afenyo-Markin said.

He called for clarity on the administration’s “one job, three shifts” pledge and demanded measurable progress on employment creation as a condition for public trust.

The Minority’s stance highlights growing frustration with government policies that, in their view, favour fiscal optics over practical solutions for Ghanaian households.