Goldbod Spends $16 Billion on Gold Purchases – Finance Ministry Reveals
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The Ministry of Finance has disclosed that Goldbod expended $16 billion on the purchase of gold between January 2025 and May 2026.
The Ministry further indicated that Goldbod generated over $10 billion from gold exports in 2025, contributing to a reported 41% appreciation of the Ghana cedi.
According to the government, this intervention also helped boost the country's foreign reserves from $8.9 billion to $13.8 billion by the end of 2025.
The disclosure was made by Deputy Finance Minister Thomas Nyarko Ampem while responding to questions in Parliament.
The development highlights the significant role of gold interventions in Ghana's recent macroeconomic performance and currency stability.
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