The Bank of Ghana (BoG) has increased its gold reserves to 37.06 tonnes as of September 2025, marking a 21.3 percent rise since the beginning of the year.
According to data from the central bank, reserves stood at 30.53 tonnes in January 2025 and have grown steadily month after month, rising from 36.02 tonnes in August to 37.06 tonnes in September.
The steady accumulation has been largely attributed to the Domestic Gold Purchase Programme, an initiative aimed at strengthening Ghana’s foreign exchange reserves, stabilizing the cedi, and enhancing investor confidence.
In an earlier statement, the Bank explained that the programme is a key tool for diversifying reserve assets and reducing exposure to global financial volatility, thereby providing stronger buffers against external shocks.
The initiative also seeks to leverage Ghana’s gold assets to secure more affordable financing and improve short-term foreign exchange liquidity, reducing dependence on external debt markets.
Source: Joy Business
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