The Ghana government has allocated US$279 million for GOLDBOD to boost gold exports from small-scale miners and set aside GH¢13.85 billion for the Big Push Programme. These measures aim to strengthen the gold industry and enhance economic development.
In the 2025 Budget Statement, the government of Ghana allocated US$279 million, equivalent in cedis, 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 announced this allocation during his presentation on March 11, emphasizing the government’s commitment to enhancing key policy initiatives.
Additionally, Dr. Forson disclosed that GH¢13.85 billion has been earmarked for the Big Push Programme. This flagship initiative aims to foster development through targeted investments in crucial sectors such as agriculture, infrastructure, and industrialization. The government plans to maintain its focus on reforms in these sectors.
In 2025, the government intends to build on existing reforms and boost budgetary allocations for four critical social protection programs: the National Health Insurance Scheme (NHIS), the Livelihood Empowerment Against Poverty (LEAP) Programme, the School Feeding Programme, and the Capitation Grant. These efforts are anticipated to strengthen the safety net for vulnerable populations.
The Ghana Gold Board, established to oversee the gold sector, aims to promote sustainable growth in the industry while fostering economic development. It serves as a regulatory body that ensures the responsible utilization of Ghana’s gold resources, reinforcing the importance of this resource for the nation’s economy. Moreover, the Big Push Programme is designed to drive investment, generate employment opportunities, and improve living standards by addressing key challenges across multiple sectors.
In summary, the 2025 Budget includes significant allocations aimed at bolstering Ghana’s gold industry and economic growth. The US$279 million funding for GOLDBOD will enhance the small-scale mining sector, while the GH¢13.85 billion dedicated to the Big Push Programme will target critical areas for development. This strategic approach underscores the government’s commitment to economic reforms and social protection initiatives.
Original Source: www.graphic.com.gh
