The Bank of Ghana (BoG) has announced a significant milestone in the nation’s efforts to enhance economic stability, with the country’s gold reserves reaching an impressive 32.99 tonnes as of June 30, 2025. This achievement underscores the central bank’s proactive strategies to fortify Ghana’s foreign reserves and reinforce its monetary stability framework.
The latest figures reveal a consistent upward trend in gold holdings. The 32.99 tonnes recorded in June represents a notable increase from 31.37 tonnes in April and 32.16 tonnes in May 2025. This growth is particularly striking when viewed year-on-year; compared to May 2023, when reserves stood at a mere 8.78 tonnes, the current level signifies nearly a fourfold increase.
The primary driver behind this substantial accumulation of gold reserves is the BoG’s Domestic Gold Purchase Programme. This strategic initiative is designed to achieve several critical objectives, including: Strengthening foreign exchange reserves, Boosting investor confidence, Enhancing currency stability and Fostering a more attractive environment for foreign direct investment and overall economic growth
This aggressive gold accumulation is part of a broader strategic shift by the central bank to reduce reliance on traditional reserve assets, such as U.S. Treasury securities. This diversification comes amidst a backdrop of tightening global financial conditions, increased currency volatility, and heightened geopolitical risks, all of which underscore the imperative of fortifying the nation’s economic resilience.
The Bank of Ghana’s commitment to accumulating gold reserves is a testament to its forward-thinking approach to safeguarding Ghana’s economic future in an increasingly unpredictable global landscape.