Ato Forson says Gold Board generated $15 billion forex inflows to support Ghana’s reserves

He said the policy intervention significantly improved Ghana’s external position, contributing to a rise in the country’s current account surplus.

Presenting the 2026 Mid-Year Fiscal Policy Review in Parliament on Thursday, July 23, Dr Forson said the Gold Board was established to formalise the gold trade, reduce smuggling and ensure that a greater share of Ghana’s mineral wealth benefits the country.

The Ghana Gold Board has been one of the major economic interventions introduced by the Mahama administration, with government positioning it as a mechanism to formalise the small-scale gold sector and retain more value from Ghana’s gold exports.