The Ghanaian government has allocated US$279 million to the Ghana Gold Board to support the purchase and export of gold from small-scale miners, alongside a GH¢13.85 billion investment in the Big Push Programme, which aims to enhance development across key sectors and improve living standards.
The Government of Ghana has earmarked the cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD). This funding aims to facilitate the purchase and export of a minimum of 3 tonnes of gold weekly from small-scale miners. Finance Minister Dr. Cassiel Ato Forson disclosed this initiative while presenting the 2025 Budget Statement in Accra on March 11.
Additionally, Dr. Forson announced that GH¢13.85 billion has been allocated to the Big Push Programme. This flagship policy initiative focuses on vital sectors such as agriculture, infrastructure, and industrialization, with the goal of driving development across the country.
In 2025, the Government plans to continue implementing reforms and increasing budget allocations to support four targeted social protection programs, including the National Health Insurance Scheme (NHIS), the Livelihood Empowerment Against Poverty (LEAP) Programme, the School Feeding Programme, and the Capitation Grant.
The Ghana Gold Board is a state-owned entity established to regulate and support the development of Ghana’s gold industry. Its primary mission is to ensure the gold sector operates efficiently, adhering to sustainable practices that enhance the nation’s economic growth.
Moreover, the Big Push Programme is designed to attract investments, create job opportunities, and elevate living standards by addressing critical challenges present in various economic sectors.
In summary, the Ghanaian government’s provision of US$279 million to the Ghana Gold Board aims to enhance the local gold industry through support for small-scale miners. The integration of the Big Push Programme alongside substantial allocations towards social protection highlights the government’s commitment to national development and economic stability in 2025.
Original Source: www.graphic.com.gh
