Lands Minister urges flexibility as as Ghana begins 30% gold purchase under GANRAP

Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has called for continued cooperation and flexibility among stakeholders as Ghana begins implementing the 30% gold purchase component of the Ghana Accelerated National Reserve Accumulation Programme (GANRAP). The programme, which includes the signing of an MoU between Government, the Bank of Ghana, Ghana Gold Board and the Ghana Chamber of Mines, aims to build the country’s reserves by having large-scale mining companies sell a portion of their gold output to the Bank of Ghana and Gold Board for local processing and refining.

Bank of Ghana Governor Dr Johnson Pandit Asiama has pledged the central bank’s support for the successful implementation of the programme, emphasizing that the BoG will work with all stakeholders to ensure that GANRAP delivers maximum benefits to the Ghanaian economy.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.