Ghana's Gold Reserves Reach Record 32.99 Tonnes in June

Jul 4, 2025 - 12:36

A view of smelted gold bars at a smelting facility in Accra, Ghana, August 22, 2024. REUTERS/Francis Kokoroko/File Photo

Accra, Ghana - 4 July, 2025 - The Bank of Ghana has announced a significant increase in the country's gold reserves, which now stand at 32.99 tonnes as of June 2025. This represents a nearly fourfold jump from 8.78 tonnes in May 2023 and a steady rise from 31.37 tonnes in April and 32.16 tonnes in May this year.

According to the central bank, the gold reserves have been increasing consistently since the start of the year, with an 8.05% growth recorded since January 1, 2025. The reserves were valued at approximately GH₵46.44 billion as of June 2025, underscoring gold's importance as a strategic financial asset for the Ghanaian economy.

The Bank of Ghana's gold accumulation drive is part of a broader strategy to strengthen financial stability and reduce the country's reliance on traditional foreign currencies like the U.S. dollar. As Africa's top gold producer, Ghana has intensified efforts to formalize the small-scale mining sector, ensuring more domestically mined gold is retained for national development.

This move aligns with a global trend where central banks are increasingly adopting gold as a safeguard against currency instability and geopolitical risks. The Bank of Ghana's gold reserves boost is expected to enhance the country's economic resilience and provide a more robust buffer against external shocks.

Read the statement from the Bank of Ghana below;