The Bank of Ghana (BoG) has announced that the nation’s gold reserves reached a record 36.02 tonnes by the end of August 2025, the highest in the country’s history.
According to newly released data, the reserves have grown more than fourfold since May 2023, when the central bank launched its domestic gold purchasing programme.
At the time, Ghana’s reserves stood at just 8.78 tonnes.
The initiative, aimed at diversifying foreign reserves and reducing dependence on external forex markets, has helped the BoG build resilience into the economy while strengthening the value of the cedi.
In August 2024, reserves were reported at 25.97 tonnes, highlighting the sharp pace of accumulation within a single year.
The central bank stressed that the stockpiling of gold is part of wider efforts to safeguard macroeconomic stability, improve the balance of payments, and shield the economy against global commodity price shocks and currency volatility.
Analysts say the move not only boosts Ghana’s financial buffers but also positions the country as a stronger player in the global gold economy, given its standing as one of Africa’s leading gold producers.
