During the presentation of the 2025 Budget Statement in Parliament on Tuesday, March 11, Finance Minister Dr Cassiel Ato Forson announced that the government would establish a revolving fund to support Ghana’s gold industry.

The fund, equivalent to US$279 million in cedis, will enable the Ghana Gold Board (GOLDBOD) to purchase and export at least three tonnes of gold per week from small-scale miners.

Dr Ato Forson emphasised that this initiative is part of the government’s broader strategy to formalise and regulate small-scale mining while boosting Ghana’s gold exports.

He noted that providing financial support to GOLDBOD would help stabilise the sector and ensure fair pricing for small-scale miners.

“Mr Speaker, we will provide a Cedi equivalent of US$279 million as a revolving fund for the Ghana Gold Board (GOLDBOD) to be able to purchase and export at least three tonnes of gold per week from small-scale miners,” he stated.

The Finance Minister reiterated the government’s commitment to supporting the mining sector, ensuring that small-scale miners operate within legal frameworks while contributing significantly to Ghana’s economic growth.