{"id":266104,"date":"2024-12-16T07:27:55","date_gmt":"2024-12-16T07:27:55","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/12\/16\/ghana-is-5th-african-country-with-most-bullion-holdings\/"},"modified":"2024-12-16T07:27:55","modified_gmt":"2024-12-16T07:27:55","slug":"ghana-is-5th-african-country-with-most-bullion-holdings","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/12\/16\/ghana-is-5th-african-country-with-most-bullion-holdings\/","title":{"rendered":"Ghana is 5th African country with most bullion holdings"},"content":{"rendered":"

<\/p>\n

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Gold reserves held at the Bank of Ghana as at end-October 2024 stood at 28.1 tonnes, a surge from the 9 tonnes held a year prior, indicating a year-on-year increase of 19 tonnes in gold reserves.<\/p>\n

Ghana\u2019s 28.1 tonnes gold reserves per data made available by the World Gold Council (WGC), constitute 41.2% of its international reserves.<\/p>\n

Ghana, per its gold reserves, is ranked as the fifth African country with the most gold holdings \u2013 following behind South Africa (125.4 tonnes), Egypt (126.8 tonnes), Libya (146.7 tonnes), and Algeria 173.6 tonnes).<\/p>\n

Algeria has the highest gold reserves on the continent.<\/p>\n

Globally, Ghana is the 60th country with the most gold reserves.<\/p>\n

\"\"<\/p>\n

\u201cData made available by the Bank of Ghana shows that its gold reserves now amount to 28t. The country\u2019s gold reserves have increased steadily since May 2023, when they stood at just under 9t. Ghana added a further 1t during the month,\u201d said the WGC.<\/p>\n

Globally, gold reserves held by Central Banks amount to 36,320 tonnes representing 18.9% of the world\u2019s international reserves.<\/p>\n

The United States of America has the highest gold reserves of 8,133 tonnes representing 74.9% of its total reserves.<\/p>\n

Germany and the IMF follow with gold reserves of 3,351 tonnes and 2,814 tonnes respectively.<\/p>\n

\"\"<\/p>\n

According to the WGC, central banks reported 60 tonnes of gold net purchases in October \u2013 the highest amount recorded year-to-date.<\/p>\n

The Reserve Bank of India (RBI) led the field, adding 27 tonnes of gold to its reserves, followed by Turkey and Poland \u2013 17 tonnes and 8 tonnes respectively.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gold reserves held at the Bank of Ghana as at end-October 2024 stood at 28.1 tonnes, a surge from the 9 tonnes held a year prior, indicating a year-on-year increase of 19 tonnes in gold reserves. 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