Ghana’s gold reserves rank 63rd worldwide

Ghana has cemented its position as one of the world’s official gold reserve holders, ranking 63rd globally with 31.7 tonnes of gold reserves as of April 2025,

This is according to the International Financial Statistics published in the June 2025 edition.

While Ghana’s gold holdings remain modest in absolute terms compared to those of the world’s largest economies, they represent a substantial share of the country’s overall foreign exchange reserves.

Gold now accounts for 48.6 percent of Ghana’s total reserves, one of the highest ratios globally underscoring a strategic shift toward gold as a stable store of value amid economic uncertainty.

The global rankings are led by the United States, with 8,133.5 tonnes of gold, representing 78.6 percent of its reserves. Germany follows with 3,381.1 tonnes (78.0 percent), and Italy with 2,451.8 tonnes (74.9 percent).

Among emerging economies, Russia (2,339.6t), China (2,262.4t), and India (822.1t) have continued to expand their gold holdings in recent years, as central banks diversify away from traditional reserve currencies such as the U.S. dollar and the euro.

Within Africa, Ghana’s gold reserves place it firmly among the continent’s top five. Algeria tops the list with 173.6 tonnes, followed by Libya (146.7t), Egypt (125.6t), and South Africa (125.4t). Ghana ranks fifth, ahead of Morocco (22.1t) and Nigeria (21.5t).

The significant share of gold in Ghana’s reserves reflects a broader global trend. Central banks, particularly in emerging markets and developing economies, are increasingly turning to gold as a hedge against inflation, geopolitical risk, and financial system instability.

According to the World Gold Council’s 2025 Central Bank Survey, global gold purchases have reached record levels, driven largely by these diversification strategies.

The value of the Ghana’s holdings has risen in tandem with the global gold price, which recently surpassed USD3,300 per ounce.