Ghana's gold reserves are now 34.40 kilograms - Report

The gold reserves of the Bank of Ghana (BoG) have increased more than fourfold since the launch of the Gold for Reserves Programme in May 2023, rising from 8.78 kilograms to 34.40 kilograms by July 2025. This notable growth highlights the central bank’s continued dedication to strengthening Ghana’s reserve buffers through strategic gold acquisitions, which are part of broader efforts to enhance economic stability and reduce reliance on foreign currency reserves. According to data released by the BoG, the gold reserves have shown steady month-on-month growth since the programme's inception, with significant increases observed in August, September, and November 2023, as well as during the first half of 2025.The statistics indicate that by June 2023, the reserves had grown to 10.01 kilograms, further rising to 13.62 kilograms in August and 16.13 kilograms in September. This upward trend continued throughout 2024, reaching 25.97 kilograms in August and surpassing the 30-kilogram mark in December 2024.