The Bank of Ghana (BoG) has reported a significant rise in the country’s gold reserves, which reached 36.02 tonnes at the end of August 2025, the highest in Ghana’s history.
Data released by the central bank shows a steady month-on-month build-up from 8.78 tonnes in May 2023, when the reserves’ expansion programme began, to the current record levels. This represents more than a fourfold increase in just over two years.
The growth reflects the success of the Bank’s domestic gold purchasing programme, designed to diversify foreign reserves, stabilise the cedi, and reduce reliance on external markets for forex liquidity.
In August 2024, Ghana’s reserves stood at 25.97 tonnes, underscoring the rapid pace of accumulation over the past year.
The central bank says the build-up of gold assets is part of broader efforts to shore up macroeconomic stability and strengthen the country’s balance of payments, particularly in the face of global commodity price volatility and currency fluctuations.
Read also….
AT Ghana–Telecel deal: “This is not a merger or acquisition” – Sam George
Source:Lovinghananews.com
Thanks for reading from Lovin ghana news as a news publishing website from Ghana. You are free to share this story via the various social media platforms and follow us on; Facebook, TikTok, Twitter, WhatsApp Instagram YouTube etc.
