Ghana’s gold reserves soar to 32.99 tonnes in June 2025

Fri July 04 2025

Newly released data from the central bank show a steady month-on-month increase in gold reserves, up from 31.37 tonnes in April and 32.16 tonnes in May. More strikingly, this marks a nearly fourfold risecompared to the 8.78 tonnes recorded in May 2023.

The consistent growth underlines the central bank’s deliberate gold accumulation strategy, a key pillar in its broader plan to reduce Ghana’s dependence on traditional foreign currencies, especially the U.S. dollar.

“As Africa’s top gold producer, Ghana is leveraging its natural resources to build a more resilient economy,” said a financial analyst familiar with the Bank of Ghana’s policy direction.

“This approach strengthens the country’s reserve position and shields it from global market volatility.”

A critical aspect of this effort includes the formalisation of the small-scale mining sector, ensuring that more of Ghana’s domestically mined gold is retained within the economy for national development purposes.

Ghana’s strategy aligns with a global trend among central banks that are increasingly turning to gold as a hedge against currency fluctuations and geopolitical risks.

Analysts note that this global shift further validates Ghana’s push to deepen its gold reserves.

Source: https://3news.com