By: Franklin ASARE-DONKOH
Ghana’s gold reserves have reportedly tripled in two years, reaching 31.01 tonnes as of March 31, 2025.
Starting from 8.78 tonnes in May 2023, the Bank of Ghana’s gold holdings have more than tripled, underscoring a strategic pivot toward leveraging Ghana’s position as a major gold producer.
This marks an increase from 30.81 tonnes recorded at the end of February 2025, continuing a sustained growth trend over the past two years.
The steady build-up is part of efforts to strengthen the country’s foreign reserves and monetary stability framework.
According to financial experts, the Domestic Gold Purchase Programme has played a key role in supporting this growth.
The launch of the programme has enabled the Bank of Ghana to expand its foreign exchange reserves, foster confidence, enhance currency stability, and create a more attractive environment for foreign direct investment and economic growth.
Experts further note that the programme will allow the Bank to leverage its gold holdings to secure cheaper financing options, providing short-term foreign exchange liquidity.
The accumulation forms part of broader efforts to diversify reserve assets away from traditional instruments such as US Treasuries and bonds.
