The Bank of Ghana (BoG), in collaboration with the Ministry of Finance and the Ghana Gold Board (GoldBod), is set to organise a policy workshop aimed at strengthening the Domestic Gold Purchase Programme (DGPP) and aligning it with international best practices.
Governor of the Bank of Ghana, Dr. Johnson Asiama, announced the plan on Tuesday, January 6, while addressing participants at the 77th Annual New Year School held at the University of Ghana. He said the proposed workshop would bring together experts, market operators and policymakers to critically assess the programme and identify areas for improvement.
“The Bank of Ghana, working with GoldBod and the Ministry of Finance, intends to convene a focused policy workshop with experts, market practitioners and policymakers to examine how this national priority can be further refined in line with global best practices,” Dr. Asiama said.
Programme launched amid economic stress
Dr. Asiama recalled that the DGPP was introduced at a time when Ghana was facing severe economic pressures, including foreign exchange shortages and declining reserves. He noted that, despite initial challenges, the programme has played a key role in stabilising the economy and restoring confidence.
According to him, institutional reforms linked to the programme have improved coordination across the gold value chain, while the introduction of a gold foreign exchange auction mechanism has brought greater structure and transparency to gold-related FX flows.
Focus on sustainability and coordination
Looking ahead, the BoG Governor stressed the need to embed the DGPP more firmly within the broader government policy framework to ensure its long-term sustainability.
“As we look ahead to 2026, the G4R programme must be anchored more firmly within the broader Government of Ghana framework as a national priority, with responsibility shared so that sustainability does not rest on any single institution,” he said, addressing President John Dramani Mahama, who was present at the event.
Call for informed debate
Dr. Asiama encouraged stakeholders to engage in informed and evidence-based discussions on the future of the DGPP, noting that diverse perspectives would be critical to strengthening the programme.
“We encourage informed debates, evidence-based analysis and diverse perspectives on critical programmes such as the Domestic Gold Purchase Programme,” he added.
The DGPP is a key pillar of Ghana’s strategy to leverage its gold resources to shore up foreign reserves, stabilise the cedi and support broader macroeconomic recovery.
Source: Africa Publicity
