By Ruth Serwaa Asare
The Bank of Ghana’s gold reserves have reached a historic high of 37.06 tonnes as of September 2025, marking a steady and consistent growth in the nation’s gold holdings over the past two years.
According to official data from the Bank of Ghana, Ghana’s gold reserves have more than quadrupled since May 2023, when total holdings stood at 8.78 tonnes. The increase underscores the Bank’s continued commitment to strengthening the country’s reserves through its Domestic Gold Purchase Programme, aimed at building a strong buffer against external shocks and reducing dependence on foreign currencies.
The data shows a month on month increase since the programme’s expansion in mid 2023. By the end of 2024, gold holdings had surged to 30.53 tonnes, and the upward trend has continued throughout 2025, with an additional 6.5 tonnes accumulated in the first nine months of the year.
The steady rise in reserves signals renewed confidence in the central bank’s monetary policy framework, as Ghana seeks to fortify its external balance and enhance economic stability through sustainable resource management.
