According to data from the Bank of Ghana, the country’s gold reserves have increased marginally to 34.40 tonnes as of July 2025, representing a month-on-month growth of 4.09% and a year-to-date rise of 8.05%.
The reserves commenced 2025 at 30.53 tonnes, gradually increasing to 30.62 tonnes by January’s end, and have since maintained steady monthly gains.
Having started from 8.78 tonnes in May 2023, the central bank has successfully quadrupled its gold stockpile, significantly contributing to the stabilization of the Ghanaian cedi this year.
The Bank of Ghana attributes the reserve accumulation to its Domestic Gold Purchase Programme, a key policy initiative designed to fortify foreign exchange reserves, boost investor confidence, enhance currency stability, and foster a favorable environment for foreign direct investment.
The BoG had said in a statement that the initiative is “an essential tool in our efforts to diversify reserve assets, reduce exposure to global financial volatility, and provide the economy with more robust buffers against external shocks.”
The BoG added that it will leverage the gold holdings to secure more affordable financing, improving short-term forex liquidity while reducing dependence on external debt markets.
By: Rainbowradioonline.com/Ghana
