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 government figures, the intervention also helped strengthen Ghana's macroeconomic position through improved foreign exchange inflows and export performance.
The update was provided in Parliament by the Deputy Finance Minister, Thomas Nyarko Ampem, during responses to lawmakers' questions.
The development highlights the significant role of gold-backed interventions in Ghana's recent currency performance and economic stability.
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