Ghana’s Gold Reserves Hit Record 32.99 Tonnes Amid Push for Financial Stability
Ghana’s gold reserves have surged to 32.99 tonnes as of June 2025, marking another milestone in the Bank of Ghana’s (BoG) aggressive drive to diversify foreign reserves and strengthen financial stability.
According to newly released data from the central bank, the current reserves represent a steady increase from 31.37 tonnes in April and 32.16 tonnes in May. The figure also marks a nearly fourfold jump from 8.78 tonnes in May 2023.
Gold Strategy Gains Momentum
The surge reflects the BoG’s strategic plan to reduce Ghana’s dependence on foreign currencies—particularly the U.S. dollar—while leveraging the country’s status as Africa’s top gold producer.
By prioritising gold, the Bank aims to shield Ghana’s economy from external shocks such as currency fluctuations and geopolitical instability. Officials say the gold accumulation policy also enhances domestic liquidity management and bolsters investor confidence.
Formalising Small-Scale Mining
A critical part of the strategy involves formalising Ghana’s vast small-scale mining sector. The government has introduced policies to ensure a greater share of domestically mined gold is channelled through official reserves for national development purposes.
The initiative forms part of broader efforts to strengthen macroeconomic resilience and aligns with global trends as central banks worldwide increase their gold holdings.
Global Shift Toward Gold
Ghana’s approach mirrors a growing global consensus, with several central banks moving to stockpile gold amid rising geopolitical tensions, high inflation, and currency risks.
Analysts say Ghana’s gold-led strategy positions it well to manage future foreign exchange pressures and foster long-term economic stability.
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