Ghana’s gold reserves rose to 33 tonnes in June 2025, the highest level on record, according to the Bank of Ghana’s latest external sector report. The figure represents a 2.5 percent increase from May’s 32.2 tonnes and continues a trend of steady monthly accumulation that has defined the central bank’s approach over the past two years.
The data shows how deliberate this strategy has been. Gold holdings moved from 20.6 tonnes in March 2023 to 27.2 tonnes by December that year, passing the 30-tonne mark earlier in 2025. This year alone, reserves edged up month after month, 31.0 tonnes in March, 31.4 tonnes in April, 32.2 tonnes in May, and now 33 tonnes in June.
The Bank of Ghana has been building its gold stockpile under a purchase programme launched in 2022 to diversify reserves and strengthen the cedi. By adding to its holdings in measured steps rather than large one-off purchases, the bank has quietly shifted Ghana’s reserve mix, putting more weight on one of the world’s most enduring storehouses of value.
The gains in gold reserves are also feeding into a wider story of economic resilience. The same report shows Gross International Reserves climbing to US$11.1 billion, enough to cover 4.8 months of imports. Together with a stronger cedi and falling inflation, the growing stockpile underpins Ghana’s effort to rebuild confidence in the economy.
Each monthly addition may appear modest, but together they trace a clear path, one that is steadily turning gold into a cornerstone of Ghana’s financial stability. With June’s 33-tonne milestone now set, the Bank of Ghana’s steady accumulation shows no sign of slowing.
