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Ghana’s gold reserves have surged to 31.01 tonnes as of March 31, 2025, according to the Bank of Ghana. This marks a significant increase from 30.81 tonnes recorded in February and reflects a robust strategy to bolster the country’s foreign reserves and strengthen monetary stability.
Since May 2023, when reserves stood at 8.78 tonnes, Ghana’s gold holdings have more than tripled, highlighting a strategic shift toward maximizing the country’s position as a leading gold producer.
The Bank of Ghana’s domestic gold purchase programme has been central to this growth. Launched to boost foreign exchange reserves, the programme aims to enhance currency stability, attract foreign investment, and support economic growth. It also allows the Bank to leverage gold holdings to access cheaper financing for short-term foreign exchange needs.
Analysts say the move to build stronger gold reserves will improve Ghana’s balance of payments resilience, cushion the economy against external shocks, and reinforce confidence in the country’s monetary policy amid tightening global financial conditions.
