Ghana’s gold reserves have risen sharply to 32.99 tonnes as of June 2025, underscoring the Bank of Ghana’s continued efforts to strengthen financial stability and reduce reliance on foreign currencies.
New data from the central bank shows a steady month-on-month increase up from 31.37 tonnes in April and 32.16 tonnes in May.
Compared to May 2023, when reserves stood at just 8.78 tonnes, the current level marks nearly a fourfold jump.
The sustained growth reflects a strategic shift by the Bank of Ghana to boost gold holdings as a buffer against global economic uncertainty and currency volatility in line with trends among central banks worldwide.
As the top gold producer in Africa, Ghana has also intensified efforts to formalize the small-scale mining sector, ensuring more locally mined gold is retained to support national development goals.
This gold accumulation strategy forms a key part of Ghana’s broader economic diversification agenda and signals the country’s commitment to long-term financial resilience.