Finance Minister Dr. Cassiel Ato Forson has hailed the Goldbod initiative as a transformative force for Ghana’s economy, emphasizing its potential to stabilize the cedi, boost foreign exchange inflows, and create sustainable jobs.
Speaking during a meeting with the Canadian High Commissioner to Ghana, Myriam Montrat, Dr. Forson reaffirmed the government’s commitment to leveraging Goldbod as a key pillar in tackling economic challenges.
He explained that the initiative is designed to enhance oversight and management of gold exports, while advancing broader goals such as currency stability and long-term economic growth.
“There’s so much to gain from this initiative,” he said. “Goldbod will give us greater control over gold exports, strengthen our foreign exchange reserves, and reduce pressure on the cedi. More importantly, it prioritizes job creation over short-term revenue.”
Addressing concerns tied to recent mismanagement within Cocobod, Dr. Forson acknowledged the setbacks but urged Ghanaians not to dismiss the broader vision.
“While Cocobod has faced challenges, its contributions to national development remain significant. Goldbod builds on that legacy with a renewed focus on transparency, efficiency, and impact.”
He expressed confidence that the initiative would be fully operational soon, noting that the government, under the IMF programme, has already implemented corrective measures to address structural weaknesses inherited from the previous administration.
High Commissioner Montrat congratulated Dr. Forson on his appointment and reaffirmed Canada’s commitment to strengthening ties with Ghana, particularly in agriculture and technical and vocational education and training (TVET).