Ghana’s parliament has passed the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), the country’s first comprehensive national framework specifically designed to accelerate the build-up of external reserves and safeguard long-term economic stability.

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’s financial buffers and protect the economy against future shocks.

According to the minister, GANRAP sets out a clear and measurable roadmap to raise Ghana’s international reserves to the equivalent of 15 months of import cover by 2028.

The target is aimed at significantly strengthening the country’s external position, improving macroeconomic stability, boosting investor confidence and enhancing exchange rate resilience.

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.

He expressed appreciation to Ghanaians for their support and reaffirmed the commitment of President John Dramani Mahama’s administration to safeguarding the country’s economic future.