The Minister of Finance, Dr Cassiel Ato Forson has revealed that Ghana Gold Board (GoldBod) will buy gold up to 127 tonnes from artisanal and small-scale miners annually.
According to the minister, this forms part of a new national policy aimed at strengthening Ghana’s external reserves.
Speaking on the floor of Parliament on February 25, 2026, Dr Ato Forson, the minister said the policy is designed to safeguard the economy and ensure a stable participation in the gold market.
Finance Minister unveils national policy designed to build external reserves
He said GoldBod would be resourced with the adequate funding to purchase more gold from local miners in the country.
“Ghana Gold Board shall arrange enough funds to acquire about three to four weeks’ worth of gold and ensure continuous market participation. To achieve this objective efficiently, the following policy measures will be implemented in the artisanal small-scale mining sector,” he said.
Finance Minister unveils national policy designed to build external reserves
Artisanal and small-scale mining remains a major contributor to Ghana’s gold output, but the sector has long faced challenges, including illegal mining, smuggling, and weak regulation.
He further announced a further shift in how small-scale gold is marketed and sold in the country.
Dr Ato Forson said the new approach would also help protect small-scale miners from exploitative middlemen, while ensuring the state earns more from gold production.
“Mr Speaker, the Ghana Gold Board will assume full responsibility for the signing of off-take arrangements and the sale of all ASM gold it procures, effective from March 2026,” he added.
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