Parliament has given the green light to the Ghana Accelerated National Reserve Accumulation Policy, aiming to raise the country’s international reserves to cover 15 months of imports by 2028. The plan was presented to Parliament on Wednesday, February 25, by Finance Minister Dr. Cassiel Ato Forson, and is based on the Ghana Gold Board Act, which authorizes the Gold Board to generate foreign currency and contribute to the Bank of Ghana’s reserve growth.
The programme sets an initial target of 8.6 months of import coverage by the end of 2026, increasing to 11.8 months by 2027, and reaching the ultimate 15-month goal in 2028. It is part of a wider strategy designed to strengthen macroeconomic stability, bolster the cedi, and shield the economy from external shocks.
In addition to expanding gold-backed reserves, the policy incorporates reforms aimed at enhancing foreign currency inflows while restraining ongoing outflows. Authorities emphasize that these measures are intended to improve financial resilience and reinforce public trust in the country’s economic management.
The parliamentary endorsement signals strong legislative commitment to an ambitious reserve-building agenda at a time when maintaining economic stability is a national imperative.