Bank of Ghana expands gold reserves amid global economic volatility

The Bank of Ghana (BoG) increased its gold reserves by 0.59 tonnes. This change occurred between April and May 2025. The total gold holdings now stand at 32.16 tonnes as of May 30, 2025.

This increase is part of efforts by the BoG and the Government of Ghana. They aim to strengthen financial resilience and protect the economy from global uncertainties.

A report from BoG highlights this steady accumulation. It shows the central bank's commitment to improving its balance sheet and economic stability.

The addition of 0.59 tonnes may seem small, but it reflects a long-term effort. This is especially true after establishing the Gold Board.

Ghana’s gold reserves have grown significantly since May 2023. They rose from 8.78 tonnes to 32.16 tonnes today.

Finance Minister Dr Cassiel Ato Forson noted that the Gold Board exported GHS40 billion worth of gold. This came from Artisanal Small-Scale Miners and supports national economic goals.

Globally, central banks are increasing their gold purchases to diversify reserves. Over 35,000 metric tonnes of gold are now held worldwide, about one-fifth of all mined gold.