The Minister for Finance, Cassiel Ato Forson, has announced that Cabinet has approved the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), a strategic framework aimed at strengthening the country’s resilience to economic shocks.
Addressing Parliament on Wednesday, February 25, 2026, Dr. Forson explained that the policy seeks to boost Ghana’s external buffers by increasing the nation’s international reserves to cover at least 15 months of imports by the end of 2028.
According to him, GANRAP is designed as a long-term strategy to enhance macroeconomic stability and safeguard the economy against global and domestic disruptions.
“To strengthen Ghana’s resilience to economic shocks, Cabinet has approved the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
“The Policy presents Ghana’s strategic plan to strengthen external resilience by increasing the nation’s International Reserves to an equivalent of fifteen (15) months of import cover by end-2028,” he stated.
The Finance Minister noted that the policy is anchored on the Ghana Gold Board Act, which mandates the Ghana Gold Board to generate foreign exchange and support gold reserve accumulation by the Bank of Ghana.
He stated that the initiative is also informed by Ghana’s historical cycles of economic downturns, recent macroeconomic developments, global risk assessments, and the country’s long-term economic transformation agenda.
Dr. Forson emphasised that building stronger reserves will help stabilise the cedi, improve investor confidence, and provide a cushion against external shocks such as commodity price volatility and global financial tightening.
The policy forms part of broader government efforts to reinforce fiscal discipline, diversify foreign exchange sources, and create a more resilient and self-sustaining economy.
