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.
At the inauguration of the new Board of the Minerals Income Investment Fund (MIIF), the Finance Minister Cassiel Ato Forson urged the incoming leadership to sustain this momentum.
MIIF was created to strategically invest Ghana’s mineral wealth—but between 2019 and 2024, its operations were marred by poor governance and resource mismanagement.
According to the minister, until a clear turnaround is evident, government has reduced financial flows to MIIF.
“However, if the new Board—under the leadership of Mr. Richard Kwame Asante—restores discipline and focus, we will re-engage fully.
Ghana must not only mine gold—we must own a stake in it. MIIF must pursue significant equity in mining ventures and ensure Ghanaian businesses benefit meaningfully from our natural resources.
We are also stepping up anti-smuggling operations to curb the unaccounted export of precious minerals”, the minister stated.
Source:Mybrytfmonline.com/Kwabena Nyarko Abronoma
