Ghana’s efforts to strengthen its economy through a gold-backed reserve policy are drawing significant attention from economists and policy analysts, who describe the initiative as a bold and strategic step toward restoring macroeconomic stability and building long-term resilience. Spearheaded by the administration of John Dramani Mahama, the policy—known as the Ghana Accelerated National Reserve Accumulation Policy (GANRAP)—seeks to substantially increase the country’s international reserves. The target is to achieve reserve coverage equivalent to 15 months of imports by 2028, a move experts say reflects a decisive shift toward proactive and preventive economic management amid persistent global uncertainties.
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