- Bank of Ghana increased gold reserves by 0.83 tonnes in June 2025.
- Total gold reserves now stand at 32.99 tonnes, a record for the year.
- The previous month saw a 0.79-tonne rise in gold reserves.
- Ghana’s Gold Board aims to streamline small-scale gold exports.
- Analysts highlight gold accumulation as a strategy for economic stability.
Bank of Ghana Posts Major Gains in Gold Reserves
The Bank of Ghana (BoG) added 0.83 tonnes of gold to its reserves in June 2025, marking a major achievement in the central bank’s yearly goals for gold accumulation. With this significant increase, the total gold reserves now stand at 32.99 tonnes. This record-setting surge solidifies Ghana’s status as one of the leaders in gold reserve growth within sub-Saharan Africa, coming right after a previous addition of 0.79 tonnes in May.
Gold Board Aims to Streamline Gold Exports for Stability
Governor Dr. Johnson Pandit Asiama has made it clear that the Ghana Gold Board (GoldBod) will play a crucial role in strengthening the country’s reserves. He is optimistic that the new framework will help make gold exports more efficient while eliminating irregularities in the small-scale gold sector. This is vital, he argues, as it positively affects the reserves and contributes to greater financial stability for Ghana. The Gold for Reserves (G4R) strategy seems to be gaining traction, reflected by this back-to-back monthly growth in gold reserves.
Building Strategy: Two Years of Consistent Growth
Looking back, since May 2023, the Bank of Ghana has consistently increased its gold holdings, racking up a total of 24.21 tonnes increased from an initial 8.78 tonnes. Several significant milestones have been crossed in the past two years, including surpassing the 20-tonne mark in February 2024 and breaking through the 30-tonne threshold in December 2024. These accomplishments indicate a strong and focused strategy, as analysts suggest that diversifying away from traditional dollar and euro holdings will provide much-needed stability in the face of global economic volatility and geopolitical tensions.
Future Outlook for Gold Reserves Growth
Analysts further underline the impact of these movements on Ghana’s broader macroeconomic landscape. The BoG’s commitment to increasing gold reserves aligns with the country’s domestic gold purchasing program, which aims to lessen foreign exchange pressure and enhance long-term economic stability. As the central bank moves to secure its financial position, insiders hint at sustained monthly increases, although no official target has been set for the end of 2025 yet. Investors and global partners are keeping a close eye on this trend, as June’s 0.83-tonne addition not only boosts reserves but also reinforces the Bank of Ghana’s role as a financial stabilizer in uncertain times.
In summary, the Bank of Ghana has achieved a remarkable milestone by increasing its gold reserves by 0.83 tonnes in June 2025, making it the largest single monthly gain this year. This growth reinforces Ghana’s standing in gold reserve accumulation in sub-Saharan Africa and underscores the importance of a stable and diversified reserve strategy. As the Bank continues its momentum under the Gold for Reserves initiative, the central bank’s actions will be crucial for the national economy as it navigates global uncertainties.
