Ghana’s gold reserves has hit a significant mark in its economic strategy with its gold reserves increasing to 31.01 tonnes as of April 2025.
This marks a threefold rise from the 10.2 tonnes it recorded in April 2023, underscoring Ghana’s strengthening its financial stability.
The Bank of Ghana’s (BoG) gold reserves now constitute approximately 41.2% of the country’s total international reserves.
This substantial growth positions Ghana as the fifth-largest holder of central bank gold reserves in Africa, trailing only Algeria, Libya, Egypt, and South Africa.
The Bank of Ghana’s gold reserves climbed to a total of 31.01 tonnes as of March 31, 2025.
This reflects a steady build-up strategy aimed at strengthening the country’s foreign reserves and monetary stability framework.
It also marks a notable increase from 30.81 tonnes recorded at the end of February 2025, and continues a sustained growth trend that has been observed over the past two years.
Starting from 8.78 tonnes in May 2023, the central bank’s gold holdings have more than tripled, underscoring a strategic pivot toward leveraging Ghana’s position as a major gold producer.
The domestic gold purchase programme is seen as playing a key role in build up with the Central Banking noting at the time of the launch of the programme that it will pave the way to grow its foreign exchange reserves to foster confidence, enhances currency stability, creates a more attractive environment for foreign direct investments and economic growth.
SP/MA
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