Finance Minister Dr. Cassiel Ato Forson has hailed the Goldbod initiative as a transformative step towards stabilizing Ghana’s economy, emphasizing its potential to reduce pressure on the cedi, enhance foreign exchange inflows, and create sustainable employment opportunities.
Addressing a meeting with the Canadian High Commissioner to Ghana, H.E. Myriam Montrat, Dr. Forson underscored the government’s commitment to leveraging the Goldbod initiative as a strategic solution to key economic challenges.
“This initiative represents a paradigm shift in how we manage our natural resources,” Dr. Forson remarked. “Goldbod is not just about improving the tracking and management of gold exports. It is a cornerstone of our broader economic strategy, designed to stabilize the cedi, strengthen foreign reserves, and foster long-term economic growth.”
Dr. Forson outlined the initiative’s multifaceted benefits, including enhanced transparency in gold exports, increased control over revenue streams, and prioritization of job creation over short-term fiscal gains. He explained that Goldbod aligns with the government’s broader agenda to build a resilient economy through innovation and sustainable practices.
A Renewed Focus on Accountability
While acknowledging recent operational challenges at Cocobod, Dr. Forson stressed that these should not overshadow the broader vision behind Goldbod. “Yes, Cocobod has faced difficulties, but its legacy of contributing to Ghana’s development is undeniable. Goldbod is built on this foundation, with an added focus on transparency, efficiency, and measurable impact,” he stated.
He reassured stakeholders that corrective measures under the IMF program have been implemented to address structural deficiencies inherited from previous administrations. He expressed confidence in the swift operationalization of Goldbod, which he believes will set a new benchmark for resource management in the country.
Strengthening Partnerships
H.E. Myriam Montrat commended Dr. Forson on his vision and leadership, reaffirming Canada’s commitment to its partnership with Ghana. She highlighted Canada’s ongoing support in critical sectors such as agriculture and technical and vocational education and training (TVET), areas she believes will complement the objectives of the Goldbod initiative.
“The longstanding relationship between Canada and Ghana is built on shared values and mutual respect,” said H.E. Montrat. “We are excited to see how initiatives like Goldbod will shape the future of Ghana’s economy and create new avenues for collaboration.”
The meeting concluded with a shared commitment to fostering innovation, transparency, and sustainable development, positioning Goldbod as a game-changer for Ghana’s economic trajectory.
Story by: Mercy Addai Turkson #ahotoronline.com
