Ghana’s Finance Minister, Dr Cassiel Ato Forson, has described the newly inaugurated Ghana GoldBod as a strategic instrument for ensuring long-term currency stability and economic resilience.
Speaking at the inauguration of the 13-member Board of Directors, Dr Forson stated, “GoldBoD is not just another institution—it is a vehicle for achieving currency stability, enhancing transparency in the gold trade, and supporting our broader recovery efforts.”
He extended the government’s congratulations to the board members on behalf of President John Dramani Mahama, urging them to approach their mandate with commitment and integrity.
Dr Forson noted that Ghana’s renewed focus on its gold resources is already bearing fruit, with the cedi recording a 16.7% appreciation against the US dollar as of May 13, 2025—the strongest performance of any currency globally so far this year.
“This turnaround is no accident. It reflects strong coordination between monetary and fiscal policy, improved inflows from gold, cocoa and remittances, and firm discipline in managing the public purse,” he asserted.
He emphasised that the GoldBoD would be crucial in sustaining this positive trajectory and in repositioning Ghana’s economy for long-term growth.
According to the Finance Minister, the GoldBoD will play a pivotal role in deepening transparency and maximising returns from Ghana’s gold sector.
He explained, “The Ghana GoldBob will be key to sustaining this progress and ensuring the sector contributes even more meaningfully to our economic transformation.”
Dr Forson expressed confidence in the board’s leadership, particularly under Mr Kojo Fynn, and encouraged members to uphold national interest above all else.
In concluding his remarks, Dr Forson reaffirmed the Mahama administration’s commitment to building a stronger and more resilient Ghanaian economy.
“Let’s continue building a stronger, more resilient economy together,” he urged.
He expressed optimism that the GoldBoD would serve as a cornerstone in Ghana’s renewed strategy for economic independence, currency stability, and resource-led development.
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