Ghana Allocates US$279 Million to Gold Board and Launches Big Push Programme
The Ghana government has allocated US$279 million for the Ghana Gold Board to support gold purchases and exports from small-scale miners in the 2025 Budget. Furthermore, GH¢13.85 billion is designated for the Big Push Programme aimed at fostering development in critical sectors, ensuring economic growth and improved living standards.
In the 2025 Budget presentation, the government of Ghana has allocated approximately US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD). This funding aims to facilitate the acquisition and exportation of a minimum of three tonnes of gold weekly from small-scale miners. Finance Minister, Dr. Cassiel Ato Forson, made this announcement during his address on March 11, elucidating key budgetary allocations and policy initiatives in Accra.
Additionally, Dr. Forson revealed that GH¢13.85 billion has been earmarked for the Big Push Programme, a central policy initiative aimed at fostering development across vital sectors, including agriculture, infrastructure, and industrialization. The government’s commitment to enhancing these areas signifies its focus on national development and economic sustainability.
The Ghana Gold Board, a state-owned entity, is tasked with regulating and promoting the gold sector in Ghana, ensuring its orderly and sustainable development. This board aims to support economic growth while overseeing the gold mining industry to guarantee that resources are used responsibly and efficiently.
Conversely, the Big Push Programme is designed to draw investments, generate employment opportunities, and elevate the standard of living for citizens by addressing various economic challenges. This forward-thinking initiative underscores the government’s strategic vision to stimulate growth and improve the overall prosperity of Ghana’s economy.
The 2025 Budget reflects the government’s proactive approach in bolstering the gold sector through a substantial allocation for the Ghana Gold Board, which will facilitate consistent gold purchases and exports. Additionally, the introduction of the Big Push Programme further indicates a holistic strategy focused on job creation and development across crucial sectors. Overall, these initiatives highlight the government’s commitment to economic growth and sustainable development in Ghana.
Original Source: www.graphic.com.gh
