Ghana’s gold reserves have surged to 38.04 tonnes as of October 31, 2025 – a significant development in the country’s reserve management strategy.
According to market data released by the Bank of Ghana (BoG), this represents a 35 percent increase from the 28.1 tonnes recorded in October 2024 and underscores continued growth in the nation’s official gold holdings.
The Central Bank’s latest figures show that Ghana added 7.51 tonnes of gold between January and October this year, reflecting strong monthly accumulation rates of over 4 percent in some periods.
The BoG attributes this steady build-up to its Domestic Gold Purchase Programme, launched in June 2021, which allows the Bank to buy gold directly from local mining companies using cedis.
The initiative is designed to diversify Ghana’s reserve portfolio, reduce dependence on the US dollar, and enhance the Central Bank’s resilience against global financial shocks.
he continued accumulation of gold reserves will boost investor confidence, strengthen the BoG’s capacity to defend the cedi, and help curb speculative pressures in the foreign exchange market.
With the current pace, Ghana is positioning itself as one of Africa’s emerging examples of how strategic reserve diversification can enhance monetary stability and economic resilience.
