Market data released by the Bank of Ghana (BoG) has revealed that Ghana’s gold reserves have increased to 38.04 tonnes as of October 31, 2025.
The central bank says the figure represents a 35 percent increase from the 28.1 tonnes recorded in October 2024.
According to the data, Ghana added 7.51 tonnes of gold between January and October this year, reflecting strong monthly accumulation rates of over 4 percent in some periods.
The BoG attributes this steady build-up to its Domestic Gold Purchase Programme, launched in June 2021, which allows the Bank to buy gold directly from local mining companies using cedis.
Ghana aims to diversify its reserves, reduce US dollar dependence, and boost resilience against global financial shocks by accumulating gold reserves, which will also strengthen the cedi and curb speculative pressures.
By: Rainbowradioonline.com/Ghana
