Ghana’s gold reserves proceed their regular upward climb, with the Financial institution of Ghana (BoG) reporting a big improve of 1.54 tonnes between December 2024 and Might 2025. The nation’s gold holdings now stand at 32.16 tonnes, up from 30.53 tonnes on the finish of final yr.
This newest leap features a month-on-month improve of 0.79 tonnes from April’s reserve of 31.37 tonnes. The Mahama administration has promised to strengthening Ghana’s gold-backed property as a part of its broader financial resilience technique.
The progress is especially hanging when considered over an extended timeline. Simply two years in the past, in Might 2023, Ghana’s gold reserves stood at 8.79 tonnes. Since then, the central financial institution has greater than tripled its holdings by its “Gold for Reserves” programme — a coverage that mandates gold producers in Ghana to promote a portion of their output to the central financial institution in native foreign money.
The transfer is geared toward lowering reliance on overseas change reserves, stabilizing the Ghanaian cedi, and offering a hedge towards world monetary volatility. With Ghana retaining its place as Africa’s prime gold producer, the coverage has confirmed efficient in increasing the nation’s gold-backed monetary buffers.
In keeping with the Financial institution of Ghana, gold now performs a pivotal position in its overseas reserves portfolio, supporting efforts to strengthen financial coverage, scale back inflationary pressures and guarantee long-term monetary stability.
Analysts say the surge in gold accumulation can be well-timed, as world gold costs proceed to stay robust — providing Ghana each fiscal worth and strategic leverage.
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