Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has shared some good news with Ghanaians on his official Facebook page on Tuesday, 3rd June, 2025. According to him, the country has earned over $1.1 billion from gold exports, just one month after the full operation of the Goldbod initiative began.
Dr. Forson described this as a big achievement for the country. He said it is helping to strengthen the cedi, build foreign reserves, and allow more Ghanaians to take part in the gold business. “This is a major milestone,” he wrote on Facebook.
He added that the government will continue working hard to improve the economy and reduce the pressure on the cedi.
During the inauguration of the new Board of the Minerals Income Investment Fund (MIIF), the Finance Minister encouraged the new leadership to continue the good work. He explained that the MIIF was set up to manage Ghana’s mineral resources well. However, between 2019 and 2024, the fund was not performing well due to bad leadership and poor use of resources.
Because of that, the government has reduced the money it gives to MIIF. But Dr. Forson said that if the new Board, led by Mr. Richard Kwame Asante, proves to be disciplined and focused, the government will give them full support again.
He also said it is important for Ghana not just to dig up gold, but to have ownership and control over it. He encouraged MIIF to buy shares in gold mining companies and help Ghanaian businesses gain more from the country’s natural resources.
The Finance Minister mentioned that the government is increasing efforts to stop the smuggling of gold and other precious minerals out of the country without proper records.
