The Bank of Ghana (BoG) has announced that the country\u2019s gold reserves have risen to 32.99 tonnes as of June 2025, continuing a steady upward trend.<\/strong><\/p>\nAccording to data published on the Bank\u2019s website on Thursday, July 3, the increase reflects a strategic effort by the BoG to strengthen financial stability and diversify Ghana\u2019s foreign reserves.<\/p>\n
The latest figure marks a rise from 31.37 tonnes in April and 32.16 tonnes in May. More significantly, it represents a nearly fourfold increase from the 8.78 tonnes recorded in May 2023.<\/p>\n
This consistent growth underscores the BoG\u2019s deliberate strategy to boost its gold holdings as part of a broader move to reduce the country\u2019s dependence on traditional foreign currencies, particularly the U.S. dollar.<\/p>\n
As Africa\u2019s top gold producer, Ghana has intensified efforts to formalize the small-scale mining sector, ensuring that more domestically mined gold is retained to support national development objectives.<\/p>\n
In April 2025, the BoG\u2019s gold reserves reached a valuation of approximately GH\u20b546.3 billion at the end of April 2025 per the central bank\u2019s announcement on May 6 that the price of gold had risen to GH\u20b546,086.32 per ounce.<\/p>\n
According to official data published by the Bank of Ghana, the nation\u2019s total gold holdings stood at 31.37 tonnes as of April 30, 2025. This translates to 1,008,837.07 ounces of gold, using the standard conversion of 32,150.7 ounces per metric tonne.<\/p>\n
Multiplying the total ounces by the official spot price gives a calculated value of GH\u20b546,439,963,249.28, marking a rapid rise in the country\u2019s reserves and underlining gold\u2019s importance as a strategic financial asset for the Ghanaian economy.<\/p>\n
See the Bank of Ghana post below;<\/p>\n
![](\"https:\/\/www.graphic.com.gh\/images\/2025\/drag\/BANK_OF_GHANA.jpg\")
<\/p>\n<\/p><\/div>\n<\/p><\/div>\n