Finance Minister Dr. Cassiel Ato Forson has announced the establishment of a US$279 million revolving fund to support Ghana’s gold industry.
Presenting the 2025 Budget Statement in Parliament on Tuesday, March 11, he said the fund will enable the Ghana Gold Board (GOLDBOD) to purchase and export at least three tonnes of gold per week from small-scale miners.
Dr. Ato Forson explained that the initiative aims to formalize and regulate small-scale mining while increasing Ghana’s gold exports.
“Mr. Speaker, we will provide a Cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD) to purchase and export at least three tonnes of gold per week from small-scale miners,” he stated.
He emphasized that supporting GOLDBOD would stabilize the sector and ensure fair pricing for small-scale miners.
The Finance Minister reiterated the government’s commitment to strengthening the mining sector, ensuring small-scale miners operate within legal frameworks while contributing to Ghana’s economic growth.
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