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    Home»Business»BoG’s gold reserves increased by 4% to 34.40 tonnes in July 2025
    Business

    BoG’s gold reserves increased by 4% to 34.40 tonnes in July 2025

    ZamZam UpdateBy ZamZam UpdateAugust 10, 2025No Comments2 Mins Read
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    The Financial institution of Ghana’s gold reserves elevated by 4.09% month-on-month to 34.40 tonnes in July 2025.

    Based on information from the Central Financial institution, the gold reserves have risen by 8.05% for the reason that starting of the yr to 32.99 tonnes.

    It started in 2025 at 30.53 tonnes and elevated to 30.62 tonnes on January 31, 2025. It has since been rising month-on-month.

    From a bit of 8.78 tonnes in Might 2023, the Central Financial institution reserves have been rising, contributing considerably to the soundness of the cedi in 2025.

    The buildup of the gold reserves has been primarily pushed by the Home Gold Buy Programme, a coverage initiative designed to strengthen international trade reserves, increase investor confidence, improve foreign money stability, and create a extra conducive atmosphere for international direct funding and financial progress.

    The Central Financial institution stated in an earlier communique that “The gold accumulation programme is a necessary device in our efforts to diversify reserve property, cut back publicity to world monetary volatility, and supply the financial system with extra strong buffers towards exterior shocks”.

    The programme goals to leverage these property to safe extra reasonably priced financing choices, thus bettering short-term international trade liquidity with out heavily-dependent on exterior debt markets.

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