The Finance Minister, Dr. Cassiel Ato Forson presented to Parliament Ghana Accelerated National Reserve Accumulation Policy (GANRAP) 2026-2028 aimed at strengthening Ghana’s economic resilience.
The policy outlines a strategic framework designed to bolster the country’s external reserves and enhance macroeconomic stability.
During the presentation, the Minister emphasized that GANRAP provides a clear, actionable, and forward-looking approach to safeguarding Ghana’s economy against global shocks. He highlighted that Ghana is on track to reach and sustain reserves equivalent to fifteen months of import cover by 2028, a key milestone in building national economic resilience.
“The government remains committed to executing this policy with discipline, transparency, and in broad consensus with all stakeholders,” the Minister stated.
The long-term objectives of GANRAP are ambitious yet vital. They include building an “economic war chest” capable of weathering external economic shocks, securing macroeconomic stability, sustaining recent economic gains, improving the standard of living for Ghanaians, and laying the foundation for lasting national prosperity for future generations.
The Finance Minister called on Parliament to consider and approve this historic policy, which is the country’s first dedicated national strategy to build external reserves deliberately. This move aims to fortify Ghana’s economy, reduce vulnerability to external shocks, and ensure a resilient economic future.
As the government moves to implement GANRAP, many analysts see it as a crucial step toward stabilizing Ghana’s economy and fostering sustainable growth in the years ahead.
