2025 Budget: Governement allocates US$279 million for Ghana Gold Board (GOLDBOD)

The government of Ghana has allocated the cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD) to enable the purchase and export of at least 3 tonnes of gold per week from small-scale miners.

Finance Minister, Dr Cassiel Ato Forson made this announcement during his presentation of the 2025 Budget Statement on Tuesday, March 11, highlighting allocations to key policy initiatives and interventions in Accra.

Dr Forson also revealed that the government has set aside GH¢13.85 billion for the Big Push Programme, a flagship policy designed to drive development by focusing on critical sectors such as agriculture, infrastructure, and industrialization.

"In 2025, Government will continue to implement reforms and increase budgetary allocations to enhance the implementation of the four targeted social protection programmes, namely NHIS, the LEAP Programme, the School Feeding Programme, and the Capitation Grant," he said. 

The Ghnana Gold Board is a state-owned institution established to regulate and promote the development of the gold industry in Ghana. Its primary mission is to oversee the gold sector, ensuring that the industry operates in an orderly and sustainable manner while contributing to the country's economic growth.

It also plays a central role in regulating the gold mining industry in Ghana, fostering economic growth, and ensuring that the country's gold resources are utilized efficiently and responsibly. 

On the other hand, the Big Push Programme seeks to attract investments, create jobs, and improve the living standards of citizens by addressing challenges in various sectors of the economy.