According to the Ghana Gold Board, the ASM G4R programme aims to boost foreign exchange reserves by formalising gold trading and reducing smuggling.
Higher reserve buffers, more foreign exchange liquidity, and improved general economic stability are just a few of the macroeconomic advantages that GoldBod claims the effort has achieved, despite some costs to the Bank of Ghana.
Additionally, the program has assisted in reestablishing public trust in the country’s financial sector. Officials emphasized that national economic stability, not profit generation, is the main goal of ASM G4R.
The scheme encourages responsible gold trading to support sustainable growth and formalise the small-scale mining sector.
GoldBod said, the programme supports broader measures to improve transparency in the gold value chain and strengthen Ghana’s macroeconomic performance for both public and private stakeholders.
