Gold reserves surge to 34.40 tonnes in July 2025 – BoG
Gold reserves at the Bank of Ghana increased
marginally in July 2025 to 34.40 tonnes, representing a 4.09% month-on-month
rise from 32.99 tonnes in June 2025.
Data from the Central Bank shows that since the beginning of the year, gold
reserves have risen by 8.05% from 8.78 tonnes. The steady month-on-month growth
since January is attributed to various government initiatives, including the
activities of the Ghana Gold Board.
The surge in reserves has also contributed to the stability of the local
currency against major trading currencies. The Domestic Gold Purchase
Programme, introduced to strengthen foreign exchange reserves, aims to boost
investor confidence, enhance currency stability, and create a more conducive
environment for foreign direct investment and economic growth.
The Bank of Ghana has noted
that “the gold accumulation programme is an essential tool in our efforts to
diversify reserve assets, reduce exposure to global financial volatility, and
provide the economy with more robust buffers against external shocks.”
Source: https://www.ghanaweb.com/