The Bank of Ghana’s (BoG) gold reserves have climbed to 32.99 tonnes as of June 30, 2025, underscoring the central bank’s sustained strategic push to fortify the nation’s foreign reserves and monetary stability framework.
According to new data released by the central bank, the latest figure represents a significant jump from 31.37 tonnes in April and 32.16 tonnes in May.
It also marks a nearly fourfold increase from the 8.78 tonnes recorded in May 2023.
The central bank’s reserves accumulation has been largely driven by its Domestic Gold Purchase Programme, a policy initiative designed to strengthen foreign exchange reserves, boost investor confidence, enhance currency stability, and create a more conducive environment for foreign direct investment and economic growth.
The strategic shift forms part of broader efforts to reduce dependence on traditional reserve assets such as U.S. Treasury securities.
The central bank’s gold reserves accumulation comes against the backdrop of tightening global financial conditions, currency volatility, and heightened geopolitical risks.
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