Ghana’s gold reserves reached an estimated GH₵46.4 billion at the end of April 2025, according to a report by the Bank of Ghana.
The central bank indicated that with the price of gold at GH₵46,086.32 per ounce and a total stock of 31.37 tonnes (1,008,837.07 ounces), the reserves’ value now stands at GH₵46,439,963,249.28.
This marks a significant increase from May 2023, when reserves were just 8.78 tonnes, demonstrating a more than threefold growth over two years.
The surge underlines the growing importance of gold as a strategic asset within Ghana’s economy.
This rise in reserves is driven by the Bank of Ghana’s “Gold for Reserves” program, part of a broader national strategy to enhance economic resilience amid global financial uncertainties.
The initiative aims to diversify the country’s asset portfolio, stabilize the Ghanaian cedi, reduce reliance on the US dollar, and strengthen foreign exchange reserves and fiscal autonomy.
