Also known as: GANRAP
Verbatim sentences from the source article.
Joy Online
… Furthermore, the state is successfully executing the Ghana Accelerated National Reserve Accumulation Policy, rebuilding gross international reserves, which currently stand at US$13.8 billion. …
The 10.94 Cedi to 1 USD Paradox: Macroeconomic triumph, the import subsidy trap, and the threat to youth employmentThe Ghanaian Times
… The agreement was reached through a Memorandum of Understanding (MoU) under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP). …
GoldBod secures 30% of large-scale gold output for national reservesJoy Online
The Ghana Gold Board (GoldBod) has secured an agreement to acquire 30% of Ghana’s large-scale gold production to build the country’s strategic reserves under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP). …
GoldBod secures 30% of large-scale gold output for Ghana’s strategic reservesThe Ghanaian Times
The Ministry of Finance and four other institutions have signed a Memorandum of Understanding (MoU) to facilitate the sale of 30 per cent of gold output from large-scale mining companies*under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), approved by Parlia …
GANRAP: Govt seals deal with miners on 30% gold saleJoy Online
… According to him, while keeping the overall expenditure envelope broadly unchanged, the government has reallocated GH¢5 billion away from capital expenditure to GoldBod to fund the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), whose objective is to raise intern …
2026 Mid-Year Budget Review deserves more scrutiny, it’s difficult to see the economic case – Dr NsafoahJoy Online
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says the government is using the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) to build a strong financial buffer capable of protecting Ghana against future economic shocks and external …
GANRAP will build reserves to cushion Ghana against future shocks — Sammy GyamfiJoy Online
… higher costs of open-market operations and exchange rate valuation losses” from the appreciating cedi, “worsened the BoG’s negative equity position to 6.7 percent of GDP at end-2025.” In February 2026, parliament adopted the Ghana Accelerated National Reserve Accumulation Policy …
Ghana’s central bank pumped nearly $13bn into FX market in just a year, IMF saysJoy Online
… The Finance Minister said government is seeking to consolidate the gains through the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), which aims to increase international reserves to the equivalent of 15 months of import cover by the end of 2028. …
Ato Forson says Gold Board generated $15 billion forex inflows to support Ghana’s reservesJoy Online
… While Ghana has rightly embarked on the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), aimed at building significant gold reserves, the country must recognise that national resilience cannot be built on gold reserves alone. …
Beyond Gold: Why Ghana must build strategic national reserves for the next global crisisBusiness & Financial Times
… Under the Ghana Accelerated National Reserve Accumulation Policy, the country is targetting 15 months of import cover by 2028, compared with approximately 5.7 months currently. …
Economy out of the valley, not yet on the plateauAn opinion piece examines whether the current exchange rate of approximately 10.94 cedis to the US dollar is harming domestic employment by making imported goods cheaper than locally made products, while crediting the government with macroeconomic improvements including inflation control at 4.6% and economic growth of 5.5%.
19 August 2026 · Joy Online →
An opinion piece examines whether the current exchange rate of approximately 10.94 cedis to the US dollar is harming domestic employment by making imported goods cheaper than locally made products, while crediting the government with macroeconomic improvements including inflation control at 4.6% and economic growth of 5.5%.
19 August 2026 · Joy Online →
The Ghana Gold Board has joined government institutions and the Ghana Chamber of Mines through a Memorandum of Understanding to secure 30 percent of large-scale gold production for Ghana's strategic reserves under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP). The initiative aims to help Ghana build stronger foreign exchange reserves, support cedi stability, and reach 15 months of import cover by 2028.
17 August 2026 · The Ghanaian Times →
Ghana's Gold Board has secured an agreement to purchase 30% of Ghana's large-scale gold production to build the country's strategic reserves under the Ghana Accelerated National Reserve Accumulation Policy. The initiative aims to strengthen Ghana's reserve position, support cedi stability, and reduce dependence on external borrowing, with a target of achieving 15 months of import cover by 2028.
17 August 2026 · Joy Online →
The Ministry of Finance and four other institutions have signed a Memorandum of Understanding to facilitate the sale of 30 per cent of gold output from large-scale mining companies under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), which seeks to increase Ghana's international reserves to the equivalent of 15 months of import cover by 2028.
14 August 2026 · The Ghanaian Times →
Dr Dennis Nsafoah, an Assistant Professor of Economics at Niagara University, argues that Ghana's 2026 Mid-Year Fiscal Policy Review deserves more scrutiny for reallocating GH¢5 billion from capital expenditure to the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), which aims to reach 15 months of import cover by 2028. He contends the move is difficult to defend given the IMF's assessment that Ghana's current reserve adequacy is about six months of prospective imports and that reserves as high as 15 months "would not be advisable on precautionary grounds alone" due to economic costs.
10 August 2026 · Joy Online →
The Ghana Gold Board CEO says the government's Ghana Accelerated National Reserve Accumulation Policy will build financial buffers by accumulating gold reserves to increase Ghana's gross international reserves to 15 months of import cover by 2028, rather than relying on borrowing.
9 August 2026 · Joy Online →
The IMF reported that the Bank of Ghana sold $12.9 billion on the foreign exchange market in the 12 months through May 2026 to prop up the cedi, though the currency has depreciated about 10% against the dollar in the first seven months of 2026 despite the intervention scale.
5 August 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson says the Ghana Gold Board generated an additional $15 billion in foreign exchange inflows to strengthen Ghana's reserves and support exchange rate stability. He told Parliament the policy improved Ghana's current account balance from a surplus of 1.9% in 2024 to 8.3% in 2025.
23 July 2026 · Joy Online →
Ghana's GANRAP gold-reserves policy is a step toward national resilience, but the country needs a comprehensive National Strategic Reserve Framework covering food, energy, and critical supplies to protect against global shocks like war, pandemics, and climate disruption.
1 July 2026 · Joy Online →
Senior financial sector figures at The Money Summit 2026 agreed that Ghana has restored macroeconomic stability after a difficult adjustment period, with inflation falling to 3.4 percent and interest rates declining significantly, but warned that significant structural weaknesses continue to threaten the recovery's sustainability.
3 June 2026 · Business & Financial Times →
Ghana's economy has undergone a marked turnaround: the cedi is now the world's best-performing currency, inflation has fallen from nearly 24% to single digits, and reserves have reached record highs, though the recovery came at significant cost.
5 May 2026 · Joy Online →
The government has engaged large-scale mining companies on the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), which aims to strengthen reserves and stabilize the cedi through a reformed gold acquisition framework and stronger compliance mechanisms. Finance Minister Dr. Cassiel Ato Forson described the discussions as constructive and emphasized that the policy is being implemented in partnership with industry.
4 May 2026 · Joy Online →
The Majority in Parliament said the Bank of Ghana's projected 2025 loss of about GH¢15.7 billion represents a peak, with Atta Issah citing structural changes—including lower inflation (3.2 percent), reduced policy rates (14 percent in March 2026), and reforms in gold procurement and fiscal coordination—as factors that will significantly reduce future financial pressures on the central bank.
30 April 2026 · Joy Online →