Gold reserves at the Bank of Ghana increased marginally in July 2025 to 34.40 tonnes, representing a 4.09% month-on-month rise from 32.99 tonnes in June 2025.

Data from the Central Bank shows that since the beginning of the year, gold reserves have risen by 8.05% from 8.78 tonnes. The steady month-on-month growth since January is attributed to various government initiatives, including the activities of the Ghana Gold Board.

The surge in reserves has also contributed to the stability of the local currency against major trading currencies. The Domestic Gold Purchase Programme, introduced to strengthen foreign exchange reserves, aims to boost investor confidence, enhance currency stability, and create a more conducive environment for foreign direct investment and economic growth.

The Bank of Ghana has noted that “the gold accumulation programme is an essential tool in our efforts to diversify reserve assets, reduce exposure to global financial volatility, and provide the economy with more robust buffers against external shocks.”

SSD/MA

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