Ghana’s gold reserves have climbed to 32.99 tonnes as of June 2025, underscoring the Bank of Ghana’s sustained strategy to strengthen financial stability and diversify the country’s foreign reserves portfolio.
Fresh data from the central bank shows the reserves rising from 31.37 tonnes in April and 32.16 tonnes in May, representing a steady month-on-month growth. Remarkably, the current figure reflects a nearly fourfold increase from the 8.78 tonnes recorded in May 2023.
GTEC Digitises Accreditation Process to Boost Efficiency and Cut Costs
This upward trend highlights the Bank’s deliberate efforts to boost gold holdings as part of a broader agenda to reduce Ghana’s dependency on traditional foreign currencies like the U.S. dollar. As Africa’s top gold producer, Ghana has intensified efforts to formalise its small-scale mining sector, enabling the retention of more domestically mined gold for national development.
The Bank of Ghana’s gold accumulation strategy aligns with a global central bank trend, where gold is increasingly favoured as a hedge against currency volatility and geopolitical uncertainty.