The Ghanaian government has allocated US$279 million for the Ghana Gold Board to support small-scale mining, alongside GH¢13.85 billion for the Big Push Programme aimed at fostering economic growth in critical sectors. Finance Minister Dr. Cassiel Ato Forson announced these initiatives during the 2025 Budget Statement presentation.
In the 2025 Budget presentation, the government of Ghana has allocated the cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD). This initiative aims to facilitate the purchase and export of a minimum of three tonnes of gold weekly from small-scale miners. Finance Minister Dr. Cassiel Ato Forson made this announcement on March 11, emphasizing its significance for the mining sector.
Additionally, Dr. Forson announced that the government is allocating GH¢13.85 billion to the Big Push Programme. This flagship policy focuses on enhancing development by targeting essential sectors, including agriculture, infrastructure, and industrialization, thereby fostering overall economic advancement.
He stated that, “In 2025, Government will continue to implement reforms and increase budgetary allocations to enhance the implementation of the four targeted social protection programmes: NHIS, the LEAP Programme, the School Feeding Programme, and the Capitation Grant.” These measures are designed to improve social welfare and support various community initiatives.
The Ghana Gold Board functions as a state-owned institution responsible for regulating and promoting the gold industry in Ghana. Its mission includes overseeing the sector’s stability and sustainability while fostering economic growth through responsible management of gold resources. Through these efforts, GOLDBOD aims to enhance the efficiency and efficacy of Ghana’s gold mining industry.
Conversely, the Big Push Programme aims to stimulate investments, create job opportunities, and elevate living standards by tackling pressing challenges across various sectors of the economy. Overall, these initiatives reflect the government’s commitment to improving economic conditions and sustainability in Ghana.
The Ghanaian government is proactively investing in the gold sector and overall economic development through significant budget allocations in the 2025 Budget. The establishment of a US$279 million revolving fund for the Ghana Gold Board aims to empower small-scale miners, while the GH¢13.85 billion allocated to the Big Push Programme seeks to enhance key sectors, ultimately improving living standards. These strategies underscore the government’s dedication to sustainable economic growth.
Original Source: www.graphic.com.gh
