Ghana’s gold reserves have reached an impressive 32.99 tonnes as of June 2025, marking a significant milestone in the Bank of Ghana’s efforts to strengthen financial stability and diversify the nation’s foreign exchange reserves. This figure represents a steady increase from 31.37 tonnes in April and 32.16 tonnes in May, showcasing the central bank’s commitment to deepening its gold holdings.
The surge in gold reserves marks a nearly fourfold increase from the 8.78 tonnes recorded in May 2023. Since the beginning of 2025, the reserves have increased by 8.05% from 30.53 tonnes in January to 32.99 tonnes in June. In April 2025, the Bank of Ghana’s gold reserves were valued at approximately GH₵46.3 billion, with gold priced at GH₵46,086.32 per ounce.
The Bank of Ghana’s gold accumulation drive is part of a broader strategy to reduce the country’s reliance on traditional foreign currencies like the US dollar. As Africa’s leading gold producer, Ghana has intensified efforts to formalize the small-scale mining sector, ensuring more domestically produced gold is retained for national development. This move mirrors a global shift, as central banks worldwide increasingly adopt gold as a safeguard against currency instability and geopolitical risk.
