Ghana’s gold reserves increased by 8.05% from January 2025 to June 2025, reaching 32.99 tonnes.
The Bank of Ghana (BoG) reported that reserves climbed from 32.16 tonnes in May 2025 to 32.99 tonnes by the end of June, showing steady monthly growth.
Starting the year at 30.53 tonnes, Ghana’s gold reserves have been rising consistently, beginning with a small increase to 30.62 tonnes at the end of January.
This growth marks significant progress compared to May 2023 when the reserves stood at just 8.78 tonnes, more than tripling over the past year.
The increase in gold reserves has helped stabilise the Ghanaian cedi and strengthened investor confidence in the country’s economic outlook.
The Bank of Ghana credits this rise largely to its Domestic Gold Purchase Programme, a policy aimed at boosting international reserves.
According to the central bank, “The gold accumulation programme is an essential tool in our efforts to diversify reserve assets, reduce exposure to global financial volatility, and provide the economy with more robust buffers against external shocks.”
By building up its gold stockpile, the BoG aims to improve exchange rate stability, attract foreign direct investment, and reduce reliance on costly external borrowing.
The central bank also expects that having more gold reserves will enable Ghana to access cheaper financing and increase short-term foreign exchange liquidity.
This strategy is intended to reduce dependence on expensive external debt markets while making the economy more resilient to future shocks.
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