Parliament has approved the Accelerated National Reserve Accumulation Policy, aimed at augmenting international reserves to reach 15 months of import cover by 2028.
This policy is an integral component of a broader strategy designed to bolster macroeconomic stability, strengthen the Ghanaian cedi, and shield the economy from external shocks.
In addition to enhancing gold-backed reserve accumulation, the programme encompasses structural reforms geared towards expanding foreign exchange inflows while curtailing persistent outflows.
Ghana’s policy aims to increase international reserves to 15 months of import cover by 2028 through accumulating $9.5 billion annually, purchasing 3.02 tonnes of gold weekly, and implementing broader foreign exchange reforms, while promoting sector stability and tackling environmental and social risks.
A major focus is the “gas-to-power” policy, intended to save $3 billion annually by reducing energy sector shortfalls through new state-owned infrastructure.
The policy marks a decisive shift away from costly borrowing and short-term measures toward a structured, gold-backed and reform-driven framework that strengthens Ghana’s resilience against global shocks.
By: Rainbowradioonline.com/Ghana
