Finance Minister Dr. Cassiel Ato Forson has announced plans to establish the Ghana Gold Board as part of efforts to stabilize the Cedi and strengthen Ghana’s foreign exchange and gold reserves.
“Mr. Speaker, as part of efforts to stabilise the Cedi through foreign exchange and gold reserve accumulation, I will also submit a Bill to provide a legal framework for the establishment of the Ghana Gold Board for the consideration of this Honourable House,” he stated during the presentation of the 2025 Budget Statement and Economic Policy in Parliament on Tuesday, March 11.
He further noted that the budget presentation was an abridged version of the full 2025 Budget Statement and Economic Policy, requesting that the Hansard Department capture the complete document for the year ending December 31, 2025.
Reflecting on his journey in public service, Dr. Forson expressed gratitude for his progression in government over the years.
“Mr. Speaker, standing here evokes a sense of nostalgia as I reflect on my journey in public service. From my early days as a young parliamentarian in 2009, destiny has guided my path—from a backbencher and a member of the Finance Committee to Deputy Minister for Finance, to Ranking Member of the Finance Committee, to Minority Leader, to Majority Leader and now, Minister responsible for Finance,” he remarked.
Dr. Forson’s budget presentation also highlighted concerns about Ghana’s cocoa sector, revealing that COCOBOD’s outstanding debt stands at 32 billion Cedis, with production dropping by nearly 50% over the past three years.
The proposed Ghana Gold Board is expected to play a key role in securing economic stability, alongside other measures outlined in the 2025 Budget.
