Ghana’s gold reserves hit a record 36 tonnes in August 2025, with the Bank of Ghana reporting the holdings’ value at $3.17 billion, the highest level recorded by the central bank.
The August figures represent an increase from 34.4 tonnes in July 2025, valued at $2.91 billion, marking a 4.7% rise in volume and an 8.9% increase in value month-on-month. Over the past two months alone, gold holdings have grown by 3.0 tonnes, while their dollar value has increased by $0.25 billion.
The accumulation of gold reserves has been steady over the past year. In June 2025, holdings stood at 33 tonnes ($2.75 billion), rising to 34.4 tonnes ($2.91 billion) in July, before reaching the August milestone.
Compared to August 2024, when reserves were 27.2 tonnes valued at $1.78 billion, the latest figures reflect a 32% increase in volume and a 78% rise in value over 12 months.
The growth in gold reserves strengthens Ghana’s monetary position, providing a buffer against external economic shocks and supporting the Bank of Ghana’s broader strategy of maintaining robust foreign and commodity reserves. Higher reserves also improve the country’s capacity to meet external obligations and underpin confidence in the cedi, particularly during periods of global market volatility.
The record holdings underscore the central bank’s ongoing commitment to building national reserves, with gold increasingly serving as a key component of Ghana’s foreign asset portfolio.
