The Bank of Ghana increased its gold reserves by 3.6 tonnes during the second quarter of 2026, lifting the value of its gold holdings by more than US$610 million as the precious metal continued to play a bigger role in supporting the country’s international reserves.
Latest data from the Bank of Ghana show that the central bank’s gold holdings increased from 20.8 tonnes at the end of March 2026 to 24.4 tonnes by the end of June.
Over the same period, the value of those holdings rose from US$3.04 billion to US$3.65 billion, reflecting both the additional gold acquired by the central bank and the continued strength of global gold prices.
The latest increase comes at a time when gold has become one of Ghana’s most valuable economic assets, not only as the country’s biggest export but also as an important part of the reserves the Bank of Ghana keeps to support the economy.
Unlike gold exported by mining companies, these holdings belong to the central bank and form part of Ghana’s international reserves. They help strengthen the country’s financial position, boost confidence in its ability to meet external obligations and provide an additional buffer during periods of global economic uncertainty.
The figures also show gold’s growing importance to Ghana’s economy. During the first half of 2026, gold exports generated US$12.5 billion, accounting for about 68% of the country’s total export earnings and making the precious metal the single largest source of foreign exchange.
Although the Bank of Ghana’s physical gold holdings were lower than a year earlier, falling from 33.0 tonnes in June 2025 to 24.4 tonnes in June 2026, their market value moved in the opposite direction. The value of the reserves increased from US$2.93 billion to US$3.65 billion over the same period, supported likely by higher international gold prices.
The quarter-on-quarter figures, however, point to renewed accumulation. Between March and June this year, the Bank added 3.6 tonnes of gold to its reserves, reversing the decline seen at the end of 2025 and signalling a return to building one of its most strategic reserve assets.
