{
  "id": 19707217,
  "title": "2027 Budget: Government to introduce 3% discount on small-scale gold purchases in 2027 – Ato Forson",
  "url": "https://urgent.news/2026/11/12/2027-budget-government-to-introduce-3-discount-on-small-scale-gold",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T21:07:56.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/2027-budget-government-to-introduce-3-discount-on-small-scale-gold-purchases-in-2027-ato-forson/"
  },
  "original_language": "en",
  "account": "Finance Minister Dr Cassiel Ato Forson has unveiled plans to offer a 3% discount on small-scale gold purchases starting 2027. The move aims to curb costs and bolster foreign exchange reserves. Speaking at the 2027 Budget Statement in Parliament, Dr Forson revealed the discount would bring the cost of generating foreign exchange from gold purchases down to 2%, a significant improvement from 16% in 2025 and 5% in 2026. The Ghana Accelerated National Reserve Accumulation Programme (GANRAP) has played a role in reducing costs. Dr Forson also highlighted the significant contribution of the Ghana Gold Board (GoldBod) to foreign exchange earnings, noting that the board had exported 88 tonnes of small-scale gold worth US$12 billion since January 2026, compared to 80.64 tonnes valued at US$10.23 billion from large-scale mining. He emphasized that these earnings were crucial for increasing foreign exchange supply, bolstering Ghana's international reserves, and stabilizing the cedi. Dr Forson called on industry stakeholders to support the proposed reforms, which he believes will help maximize national value from the country's gold resources while making reserve accumulation more sustainable.",
  "summary": "Finance Minister Dr Cassiel Ato Forson has announced plans to introduce a 3% discount on small-scale gold purchases in 2027 as part of measures to reduce the cost of accumulating foreign exchange reserves. He said the proposed discount would be implemented in consultation with industry stakeholders and was expected to reduce the cost of generating […]",
  "key_points": [
    "Government to introduce 3% discount on small-scale gold purchases in 2027",
    "Discount aims to reduce costs and boost foreign exchange reserves",
    "GANRAP and Ghana Gold Board contribute to foreign exchange earnings"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}