The Minister for Finance, Cassiel Ato Forson, has announced that global gold prices have reached unprecedented levels, describing the development as a major boost for gold-producing economies such as Ghana.
Addressing Parliament on Wednesday, February 25, 2026, Dr. Forson attributed the surge to heightened international risks, sustained accumulation by central banks, and strong safe-haven demand.
“Global gold prices have reached unprecedented levels driven by heightened international risks, sustained accumulation by central banks, and strong haven demand,” he stated.
He explained that the trend has bolstered export earnings and strengthened external buffers for gold-producing countries, including Ghana.
“These developments have bolstered export earnings and strengthened external buffers for gold-producing economies, including Ghana. With prices far exceeding their long-term historical averages, gold has emerged as the most reliable and immediate instrument for accelerated reserve accumulation without increasing public debt or introducing distortions in the domestic market,” Dr. Forson said.
The Finance Minister added that projections from major international institutions suggest gold prices are likely to remain elevated over the medium term.
“Projections from major international institutions indicate that gold prices are likely to remain elevated and favourable over the medium term, underscoring the resilience and persistence of the price cycle,” he noted.
