Ghana Politics Online
Friday, May 9, 2025
  • Home
    • All
    • Business
    • Media
    • Showbiz
    • Sports
    • Technology
    • World News
    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    NDC caucus urges Speaker of Parliament to reject calls for a recall

    Finance Minister Engages Food and Beverage Leaders on Cost-of-Living Relief

    Ghana Must Make Sacrifices to Stabilize Economy – Finance Minister

    This stability is here to stay – Finance Minister on appreciation of the cedi against dollar

    Vice President charges Council of State to help shape govt policies, ensure equity & transparency

    Veep Naana Jane Donates 4 Months’ Salary to Mahama Cares Fund

    A New Ghana in the Making: Mahama Showcases Early Milestones

    A New Ghana in the Making: Mahama Showcases Early Milestones

  • Politics
    • All
    • CPP News
    • NDC News
    • NPP News
    Police arrest suspect over murder of investigative journalist, Ahmed Suale

    Popular NPP Politician Linked to Ahmed Suale Murder… Police Arrest Suspect

    Volta NDC Thanks President Mahama for Keeping His Promise

    Volta NDC Thanks President Mahama for Keeping His Promise

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    We’re lucky 2.7 million people didn’t vote; they could have voted against us — NPP’s John Boadu

    We’re lucky 2.7 million people didn’t vote; they could have voted against us — NPP’s John Boadu

    • NDC News
    • NPP News
    • CPP News
  • General News
    • Africa News
    • Science
    • Technology
    • World News
  • Sports
  • Showbiz
  • Business
  • Opinions
  • Lifestyle
  • Media
  • Health
No Result
View All Result
  • Home
    • All
    • Business
    • Media
    • Showbiz
    • Sports
    • Technology
    • World News
    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    NDC caucus urges Speaker of Parliament to reject calls for a recall

    Finance Minister Engages Food and Beverage Leaders on Cost-of-Living Relief

    Ghana Must Make Sacrifices to Stabilize Economy – Finance Minister

    This stability is here to stay – Finance Minister on appreciation of the cedi against dollar

    Vice President charges Council of State to help shape govt policies, ensure equity & transparency

    Veep Naana Jane Donates 4 Months’ Salary to Mahama Cares Fund

    A New Ghana in the Making: Mahama Showcases Early Milestones

    A New Ghana in the Making: Mahama Showcases Early Milestones

  • Politics
    • All
    • CPP News
    • NDC News
    • NPP News
    Police arrest suspect over murder of investigative journalist, Ahmed Suale

    Popular NPP Politician Linked to Ahmed Suale Murder… Police Arrest Suspect

    Volta NDC Thanks President Mahama for Keeping His Promise

    Volta NDC Thanks President Mahama for Keeping His Promise

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    This is ‘Azaa’ budget – Afenyo-Markin on govt’s 2025 fiscal policy

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Sidney Washington Daniels Pleads With President Mahama To Make Re-Integration Program For Ghanaian Deportees

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Chase out any NPP appointee who refuses to leave office – NPP’s Ofosu Nkansah urges NDC footsoldiers

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    Tension in Twifo Atimorkwa NPP as Constituency Organizer Bites Off Polling Station Secretary’s Finger

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NPP’s Kofi Tonto to Akufo-Addo Appointees: Resign Immediately for Mahama’s Team

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    NDC Greater Accra Congratulates Odoley Sowah, John Dumelo, and Yusif Jajah on Deputy Minister Nominations

    We’re lucky 2.7 million people didn’t vote; they could have voted against us — NPP’s John Boadu

    We’re lucky 2.7 million people didn’t vote; they could have voted against us — NPP’s John Boadu

    • NDC News
    • NPP News
    • CPP News
  • General News
    • Africa News
    • Science
    • Technology
    • World News
  • Sports
  • Showbiz
  • Business
  • Opinions
  • Lifestyle
  • Media
  • Health
No Result
View All Result
Ghana Politics Online
No Result
View All Result
  • Home
  • Politics
  • General News
  • Sports
  • Showbiz
  • Business
  • Opinions
  • Lifestyle
  • Media
  • Health
Home General News

Ato Forson’s Bold Move: $279M Gold Fund to Stabilize Cedi, Boost Economy

GhanaPoliticsOnline.com by GhanaPoliticsOnline.com
March 13, 2025
in General News
0
0
SHARES
28
VIEWS
Share on FacebookShare on Twitter

Finance Minister Dr. Cassiel Forson has argued that despite claims of economic recovery under the previous administration, the policies in place did not align with the realities on the ground.

He accused the previous NPP administration of not painting the true picture of the economy to Ghanaians.

“We felt that at a point things were improving, only for us to get in and notice the magnitude. But I had always maintained that the government of the day at the time had failed to paint the true state of the economy,” he said.

“If you look at the transmissions, some of the economic policies, it doesn’t reflect an economy that has turned the corner. We were not getting the right prescriptions to take us out,” he told Citi FM on Wednesday.

On Tuesday February 11, Dr Ato Forson presented the 2025 budget statement to the Parliament.

He announced in the budget, among other things that government will allocate an amount of $279 million to the Ghana Gold Board (GOLDBOD) as a revolving fund.

Presenting the 2025 Fiscal policy to Parliament on Tuesday, March 11, the Minister said the fund will enable GOLDBOD to purchase and export at least 3 tonnes of gold per week from small scale miners.

Dr. Ato Forson also explained that government is establishing the Ghana Gold Board (GOLDBOD) to support foreign exchange inflows and gold reserve accumulation for the benefit of our dear country.

RECOMMENDED :  Impasse in Parliament: Majority will continue to rely on the law to get the right things done – Afenyo-Markin

To achieve this, he said, the GOLDBOD shall regulate, oversee, monitor and undertake the purchasing, assaying, refining, exporting, selling and other related activities concerning the gold resources of Ghana.

He further said that the government is stabilising the Ghana Cedi and macroeconomy through an urgent economic recovery programme to shore up our foreign reserves.

“In addition, develop a deliberate policy to build economic buffers through external reserves to cushion the Ghana Cedi,” he said.

Earlier before the presentation of the budget, the Acting Managing Director of the Precious Minerals Marketing Company (PMMC), Sammy Gyamfi said the 2025 budget statement to be presented to Parliament by the Finance Minister will provide clarity on the creation of the Gold Board (Goldbod).

Speaking in an interview with TV3 ahead of the budget presentation, he said “I am very optimistic that by the time the Finance Minister finishes presenting the budget many Ghanaians will find hope in his words. we are going to have a budget that represents our needs and aspirations as a people, a budget that will ease hardships, and create jobs.

Previous Post

NPP Govt wasn’t truthful to Ghanaians on the true state of the economy – Ato Forson

Next Post

Mahama Warns CEOs: Loss-Making SOEs Will No Longer Be Tolerated

GhanaPoliticsOnline.com

GhanaPoliticsOnline.com

Next Post
Institutionalize Frameworks for Youth and Women Leadership -John Mahama to AU

Mahama Warns CEOs: Loss-Making SOEs Will No Longer Be Tolerated

FROM - OTHER CATEGORIES

Select Category

    SUGGESTED - ARTICLES

    Sports Minister Kofi Adams Leads 24th Anniversary Commemoration of May 9 Stadium Disaster

    Sports Minister Kofi Adams Leads 24th Anniversary Commemoration of May 9 Stadium Disaster

    May 9, 2025
    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    May 9, 2025
    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    May 9, 2025
    NDC caucus urges Speaker of Parliament to reject calls for a recall

    Finance Minister Engages Food and Beverage Leaders on Cost-of-Living Relief

    May 9, 2025
    Ghana Must Make Sacrifices to Stabilize Economy – Finance Minister

    This stability is here to stay – Finance Minister on appreciation of the cedi against dollar

    May 9, 2025
    ADVERTISEMENT

    BROWSE - ARCHIVES

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • October 2023
    • July 2023
    • February 2022
    • October 2015

    Latest Trending News

    Sports Minister Kofi Adams Leads 24th Anniversary Commemoration of May 9 Stadium Disaster

    Sports Minister Kofi Adams Leads 24th Anniversary Commemoration of May 9 Stadium Disaster

    by GhanaPoliticsOnline.com
    May 9, 2025
    0

    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

    by GhanaPoliticsOnline.com
    May 9, 2025
    0

    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

    by GhanaPoliticsOnline.com
    May 9, 2025
    0

    Featured News

      • All
      • Featured

      Sports Minister Kofi Adams Leads 24th Anniversary Commemoration of May 9 Stadium Disaster

      Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

      Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

      Finance Minister Engages Food and Beverage Leaders on Cost-of-Living Relief

      This stability is here to stay – Finance Minister on appreciation of the cedi against dollar

      US Embassy cautions Ghanaians against visa fraud, illegal immigration

      Veep Naana Jane Donates 4 Months’ Salary to Mahama Cares Fund

      SHOWBIZ & POLITICS

        • All
        • Showbiz
        • Politics

        Sports Minister Kofi Adams Leads 24th Anniversary Commemoration of May 9 Stadium Disaster

        Mahama Scores 90% in First 120 Days – Ama Pratt Applauds Governance Start

        Accra High Court Rules in Favour of GACL, Orders Repossession of McDan-Controlled Airport Lands

        Finance Minister Engages Food and Beverage Leaders on Cost-of-Living Relief

        This stability is here to stay – Finance Minister on appreciation of the cedi against dollar

        US Embassy cautions Ghanaians against visa fraud, illegal immigration

        • BBC News
        • CNN News
        • DW TV

        Ghana Politics Online – © Copyright 2024, All Rights Reserved.

        No Result
        View All Result
        • Home
        • Politics
          • NDC News
          • NPP News
          • CPP News
        • General News
          • Africa News
          • Science
          • Technology
          • World News
        • Sports
        • Showbiz
        • Business
        • Opinions
        • Lifestyle
        • Media
        • Health

        Ghana Politics Online – © Copyright 2024, All Rights Reserved.