Ghana starts gold reserve program in March 2026 to boost foreign exchange and curb smuggling.

Ghana is launching the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), beginning March 2026, to purchase 127 metric tons of gold annually—2.45 tons weekly from artisanal and small-scale miners and 0.57 tons from large-scale producers—to boost foreign exchange and build reserves. The newly established Ghana Gold Board will manage purchases, stockpiling, and sales, with gold sold in doré form for local refining and eventual international certification. The central bank will not sell reserve gold without Cabinet and parliamentary approval. The reforms aim to curb smuggling, increase transparency, and generate over $20 billion in annual foreign exchange, while also supporting broader economic stability through fiscal discipline and infrastructure investment.