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    Home»Business»BoG’s gold reserves increased by 8.05% since January 1, 2025, to 32.99 tonnes in June
    Business

    BoG’s gold reserves increased by 8.05% since January 1, 2025, to 32.99 tonnes in June

    ZamZam UpdateBy ZamZam UpdateJuly 4, 2025No Comments2 Mins Read
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    The Financial institution of Ghana’s gold reserves surged to 32.99 tonnes on the finish of June 2025, from 32.16 tonnes in Might 2025.

    In line with knowledge from the Financial institution of Ghana, 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 8.78 tonnes in Might 2023, the Central Financial institution reserves have been rising, contributing considerably to the steadiness of the cedi.

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

    The Central Financial institution stated in an earlier communique that “The gold accumulation programme is a vital software in our efforts to diversify reserve belongings, scale back publicity to international monetary volatility, and supply the economic system with extra sturdy buffers in opposition to exterior shocks”.

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

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