The Ghanaian government has allocated US$279 million to the Ghana Gold Board to aid in gold purchases and exports. An additional GH¢13.85 billion has been earmarked for the Big Push Programme, targeting agriculture and infrastructure. Ongoing support for social protection programs demonstrates a commitment to economic growth and citizen welfare.
The government of Ghana has allocated US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD), facilitating the purchase and export of a minimum of three tonnes of gold per week from small-scale miners. Finance Minister Dr. Cassiel Ato Forson announced this allocation during the presentation of the 2025 Budget Statement in Accra, underscoring its importance to the sector.
Additionally, Dr. Forson highlighted that GH¢13.85 billion has been earmarked for the Big Push Programme, which aims to foster development by targeting essential sectors such as agriculture, infrastructure, and industrialization. This flagship initiative is designed to stimulate economic growth through strategic investments.
Dr. Forson further noted that in 2025, the government will persist in implementing reforms and increasing budgetary support for four social protection programs: the National Health Insurance Scheme (NHIS), the Livelihood Empowerment Against Poverty (LEAP) Programme, the School Feeding Programme, and the Capitation Grant, enhancing the welfare of citizens.
The Ghana Gold Board is responsible for overseeing and regulating the gold sector in Ghana, ensuring its orderly and sustainable operation, thus contributing towards national economic growth. The organization plays a pivotal role in managing the gold mining industry and ensuring the optimal and responsible utilization of the nation’s gold resources.
Meanwhile, the Big Push Programme aims to attract investments, generate employment, and elevate living standards by tackling various challenges in key economic sectors, aligning with the government’s broader development objectives.
The 2025 Budget highlights the Ghanaian government’s commitment to bolstering its gold sector through a substantial allocation to the Ghana Gold Board, aiming for increased exports from small-scale miners. Additionally, the emphasis on the Big Push Programme signifies a strategic approach to fostering comprehensive economic development across vital sectors. Continuing support for social protection programs further reaffirms the government’s dedication to enhancing the welfare of its citizens.
Original Source: www.graphic.com.gh
