Franklin Cudjoe Lauds GoldBod's Reserves-Led Debt Reduction

President of IMANI Africa, Franklin Cudjoe, has commended the leadership behind Ghana’s gold trading reforms, describing key officials involved in the Ghana Gold Board (GoldBod) framework as “true patriots” whose actions are strengthening the country’s economic position.

Mr Cudjoe singled out Sammy Gyamfi, Chief Executive Officer of GoldBod, the Minister for Finance, Dr Cassiel Ato Forson, and the Governor of the Bank of Ghana, Dr Johnson Asiamah, for what he described as principled and results-driven leadership.

He said their collective efforts had delivered tangible gains for the country, significantly boosting Ghana’s reserves and helping to offset the substantial losses previously incurred under the Gold-for-Oil (G4O) programme.

Mr Cudjoe further highlighted a remarkable improvement in Ghana’s debt position under the current fiscal management framework, with the country’s debt-to-GDP ratio reducing from 61 per cent to 45 per cent in a year.

“I think we should be loaning money to the IMF, so they can help other less endowed countries,” he quipped, underscoring his optimism about the direction of Ghana’s economic management.

Image Source: MYJOYONLINE