The Bank of Ghana has disclosed that its international reserves could cross $13 billion by the end of 2025.

This, according to the bank's projection, is based on its data as of mid-December 2025.

According to a statement issued by the Central Bank, the development is expected to increase investor and donor confidence.

According to its November Economic and Financial Data, as of the end of October 2025, Ghana's international reserves stood at $11.4 billion, up from $7.4 billion in October 2024.

However, market watchers have attributed the strong growth in BoG's reserves to the bank's reserve accumulation programme and the domestic gold purchasing programme.

BoG dismisses gold loss claims, cites IMF-backed macroeconomic gains

The 2025 development indicates that the Bank of Ghana added $4 billion to its international reserves this year, marking another record achievement in the country’s reserves build-up.

In 2025, the Central Bank auctioned approximately $10 billion to cover obligations to Independent Power Producers (IPPs), bondholders, dividend payments, and other essential commitments.

Read BoG's full statement below:



SP/EB

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