Bank of Ghana Sees Biggest Monthly Gain in Gold Reserves
- Bank of Ghana added 0.83 tonnes of gold in June 2025.
- Official gold reserves now total 32.99 tonnes after recent gains.
- The increase reflects a momentum in the central bank’s G4R strategy.
- April and May saw consecutive monthly gains in gold exports.
- Regulations by the Ghana Gold Board are expected to improve reserves.
Bank of Ghana Sees Record Gold Reserve Increase
In June 2025, the Bank of Ghana pulled off a remarkable feat by adding 0.83 tonnes of gold to its reserves. This marks the largest monthly increase so far this year, according to fresh data from the central bank. With these new figures, Ghana’s official gold holdings now amount to a substantial 32.99 tonnes, ensuring the country’s strong position in the realm of gold reserve accumulation within sub-Saharan Africa.
Reserves Strategy Yields Consistent Growth
The impressive rise in June comes on the heels of a notable 0.79-tonne gain in May. This trajectory of growth indicates a continued strategy under the central bank’s ambitious Gold for Reserves (G4R) initiative. Dr. Johnson Pandit Asiama, Governor of the Bank of Ghana, expressed confidence that the Ghana Gold Board’s operations are set to bolster reserves even further, emphasizing the importance of regulating small-scale gold exports to streamline and enhance the economic benefits derived from this sector. He stated, “We are optimistic that the Gold Board will address irregularities in the small-scale gold sector, ultimately benefiting our reserves and fostering stability for the country.”
Solid Growth Enhances Economic Stability
Since May 2023, the Bank has made substantial strides in accumulating its gold reserves, amassing a remarkable total of 24.21 tonnes. This increase was initiated from a baseline of only 8.78 tonnes. Some key milestones from this impressive two-year journey include surpassing the 20 tonnes mark in February 2024, and reaching an important 30-tonne threshold by December of the same year. While the official target for the end of 2025 has not yet been disclosed, observers suggest the bank is focused on maintaining a pattern of growth moving forward, with June’s 0.83-tonne boost standing as a notable indicator in the face of varying economic challenges. To investors and financial agencies alike, this upward trend serves as a crucial marker of the Bank’s stabilizing role amid the uncertainties facing the global economy.
In summary, the Bank of Ghana’s substantial addition of 0.83 tonnes of gold in June 2025 is a significant milestone for the nation’s reserves strategy, illustrating a clear commitment to strengthening its economic foundations. The sustained focus on gold, away from more volatile currency holdings, showcases Ghana’s proactive measures towards macroeconomic stability. As the country moves forward, this positive trend signals a bright outlook for both local and international stakeholders invested in Ghana’s economic resilience.
