The Ghana Accelerated National Reserve Accumulation Policy was approved by parliament.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

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.

Source: newsthemegh.com