By Leticia Osei
The Bank of Ghana (BoG) has announced that the country’s gold reserves recorded a significant rise of 36.02 tonnes at the end of August 2025.
According to Central Bank data, reserves have climbed steadily since May 2023, when the gold accumulation programme began with 8.78 tonnes. In just over two years, holdings have more than quadrupled, underscoring the scale of the build-up.
The BoG attributed the growth to its domestic gold purchasing programme, aimed at diversifying foreign reserves, stabilising the cedi, and reducing dependence on external forex sources.
In August 2024, Ghana’s gold reserves stood at 25.97 tonnes — a figure that highlights the rapid pace of accumulation within a single year.
The Central Bank said the reserve expansion forms part of wider efforts to strengthen macroeconomic stability and improve the balance of payments, especially amid global commodity price swings and currency pressures.
Credit: citinewsroom.com
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