Ghana’s gold reserves have climbed to 32.99 tonnes as of June 2025, signaling ongoing progress in the Bank of Ghana’s mission to enhance economic resilience and broaden the composition of its foreign assets.
Recent figures from the central bank show notable increases, rising from 31.37 tonnes in April and 32.16 tonnes in May. Compared to the 8.78 tonnes recorded in May 2023, this marks a nearly fourfold expansion in just one year.
This sustained growth is part of a calculated move by the Bank of Ghana to amplify its gold assets aimed at reducing dependence on conventional foreign currencies like the U.S. dollar.
As the continent’s top gold producer, Ghana is intensifying efforts to formalize small-scale mining, ensuring that a greater portion of locally mined gold contributes directly to national development.
The central bank’s strategy echoes a larger international trend: more central banks across the globe are turning to gold as a hedge against monetary volatility and geopolitical uncertainty.
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