Bank of Ghana boosts Gold Reserves by nearly 39% in one year

The Bank of Ghana has recorded a sharp rise in its gold reserves, strengthening the country’s financial buffers by almost 39 percent over the past year.

Fresh data from the central bank shows that Ghana’s gold holdings climbed from 25.97 tonnes in August 2024 to 36.02 tonnes by the end of August 2025, representing an increase of 38.7 percent.

The growth, amounting to more than 10 tonnes in just 12 months, underscores the Bank’s aggressive accumulation strategy aimed at bolstering reserves and enhancing economic resilience.

The report also captured steady gains on a monthly basis. In August alone, the Bank added 1.62 tonnes of gold, raising reserves from 34.40 tonnes in July to 36.02 tonnes in August. That translates into a 4.7 percent increase within a single month.

Analysts say the consistent build-up reflects the central bank’s determination to strengthen Ghana’s reserve position, particularly at a time when gold remains a vital hedge for the economy.