Ghana’s gold holdings drop year-on-year in April 2026

Ghana's gold holdings fell from 31.4 tonnes in April 2025 to 22.3 tonnes in April 2026, according to the latest data released by the Bank of Ghana.

The drop means Ghana held less gold in its reserves this year than it did at the same time last year.

However, the data also shows that gold holdings are improving gradually in 2026.

The country's gold stock rose from 20.8 tonnes in March 2026 to 22.3 tonnes in April 2026.

In value terms, gold holdings increased to about $3.47 billion in April 2026, compared with about $2.70 billion in April 2025.

Gold remains an important part of Ghana's foreign reserves and helps support the country's external sector.

The latest data shows that although gold holdings had declined over the past year, there were signs of a gradual increase in recent months.

By late 2025, gold made up more than 42 per cent of Ghana's Gross International Reserves, showing how important it had become in the country's reserves.

To manage this, the Bank of Ghana started a rebalancing programme.

This involves selling some gold and investing the money into other international assets that can generate income.

At the same time, government is pushing the Gold Accumulation Reserve Programme (GANRAP), which aims to increase gold reserves over time.

Under this programme, Ghana plans to buy about 3.02 tonnes of gold every week from local sources to rebuild its reserves.

By the end of 2025, gold made up more than 42 per cent of Ghana's total foreign reserves, showing how important it had become.

To manage this, the Bank of Ghana started a plan to rebalance its reserves. This means selling some gold and investing the money in other foreign assets that can earn income.

At the same time, government is promoting the Gold Accumulation Reserve Programme (GANRAP), which aims to increase gold reserves.

Under this plan, Ghana intends to buy about 3.02 tonnes of gold every week from local sources to build up its reserves.

GNA