The Minister of Finance, Dr. Cassiel Ato Forson has revealed that Ghana has earned over $1.1 billion dollars barely a month after the Ghana GoldBod began gold trading and export.
The country has experienced an economic turnaround after months of currency depreciation against other major currencies. This has been partly attributed to government’s fiscal policies and improved gold exports.
During the Global Mining Summit in Accra on Monday, President John Mahama had disclosed that between January and April 2025, Ghana earned $2.7 billion in gold export revenue through the Precious Minerals Marketing.
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Taking to X, formerly known as Twitter to announce the milestone, the Finance Minister said the earnings will shore up the cedi’s gains and boost local trading in gold.
“I’m pleased to announce that Ghana has earned over $1.1 billion in foreign exchange from the purchase and export of more than 11 tonnes of gold—just one month after the Goldbod initiative commenced full operations.
“This is a major milestone in our efforts to strengthen the cedi, build reserves, and increase local participation in the gold trade,” Dr. Forson wrote.
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He urged the newly inaugurated board of the Minerals Income Investment Fund (MIIF) to “sustain the momentum” currently recorded in the economy.
Dr Forson was convinced that the country “must not only mine gold” but “own a stake in it”.
Source: Ghana/Starrfm.com.gh/Mitchell Asare Amoamah
