Dr. Cassiel Ato Forson has announced great strides made by the Ghana Gold Board (GoldBod), revealing that the country has gained over $1.1 billion in foreign exchange from the purchase and export of more than 11 tonnes of gold.
The Finance Minister noted that in just one month of full operations, the GoldBod has lived up to expectations.
Posting on his official Facebook page on Tuesday, June 3, 2025, Dr. Cassiel Ato Forson stated that the gains by the GoldBod are a major milestone in the efforts of the government to strengthen the Ghana 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), I urged the incoming leadership to sustain this momentum", Dr. Ato Forson wrote.
Reacting to the management of the Minerals fund, the Member of Parliament for Ajumako-Enyan-Essiam, Dr. Ato Forson, noted that the 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, during the Presidency of Nana Addo Danquah-Akufo Addo.
"Until a clear turnaround is evident, the 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," Dr. Ato Forson said.
"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."
The government, through the Minister of Finance, announced its readiness to enhance the anti-smuggling operations to reduce the unaccounted export of precious minerals.
Tags: Ghana News Ghana GoldBod
