Ghana\u2019s parliament has passed the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), the country\u2019s first comprehensive national framework specifically designed to accelerate the build-up of external reserves and safeguard long-term economic stability.<\/p>\n
Announcing the development in a Facebook post, finance minister Dr. Cassiel Ato Forson described the policy as a deliberate and strategic intervention to strengthen Ghana\u2019s financial buffers and protect the economy against future shocks.<\/p>\n
According to the minister, GANRAP sets out a clear and measurable roadmap to raise Ghana\u2019s international reserves to the equivalent of 15 months of import cover by 2028.<\/p>\n
The target is aimed at significantly strengthening the country\u2019s external position, improving macroeconomic stability, boosting investor confidence and enhancing exchange rate resilience.<\/p>\n
Dr. Forson explained that the new policy marks a decisive shift away from reliance on costly borrowing and short-term reserve accumulation measures. Instead, GANRAP adopts a structured, gold-backed and reform-driven framework designed to enhance resilience against global economic turbulence while building what he described as an economic war chest to protect stability and sustain long-term growth.<\/p>\n
He expressed appreciation to Ghanaians for their support and reaffirmed the commitment of President John Dramani Mahama\u2019s administration to safeguarding the country\u2019s economic future.<\/p>\n
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"Ghana\u2019s parliament has passed the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), the country\u2019s first comprehensive national framework…\n","protected":false},"author":2,"featured_media":303663,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":{"0":"post-303662","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/303662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=303662"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/303662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/303663"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=303662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=303662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=303662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}