The Finanace Minister, Dr. Ato Forson has announced that Ghana has earned more than $1.1 billion in foreign exchange from the purchase of more than 11 tonnes of gold—just one month after the Gold bod initiative began full operations.
This marks a significant milestone in our strategy to strengthen the cedi, build reserves, and increase local participation in the gold trade, the Minister said.
At the inauguration of the new Board of the Minerals Income Investment Fund (MIIF), he challenged the incoming leadership to build on this momentum.
MIIF was established to invest Ghana’s mineral wealth wisely, but between 2019 and 2024, its operations were plagued by poor governance and resource misuse. That era must end.
”We have reduced financial flows to MIIF until there is a demonstrable turnaround. If this new board, led by Mr. Richard Kwame Asante, can restore discipline and focus, government will re-engage fully”, Mr Ato Forson Noted.
Ghana must not only mine gold—we must own part of it. The time has come for MIIF to hold significant equity in our mining sector and to ensure that Ghanaian businesses benefit meaningfully from our resources.
Ghana’s Finance Minister , Dr. Ato Forson declared that , he would intensify anti-smuggling operations to prevent any unaccounted export of precious minerals.