BoG gold reserves surge to 37 tonnes
By Praisebell Rosemond Larbi
The Bank of Ghana (BoG) has strengthened its reserve position with a significant rise in gold holdings, which reached 37.06 tonnes as of September 2025, representing a 21.3 percent increase since the start of the year.
Data released by the Central Bank show that Ghana’s gold reserves stood at 30.53 tonnes in January 2025 and have since recorded consistent month-on-month growth under the Domestic Gold Purchase Programme (DGPP).
From 36.02 tonnes in August, the reserves climbed to 37.06 tonnes in September, reflecting the continued success of the BoG’s aggressive gold accumulation strategy.
The DGPP, introduced as part of the Central Bank’s broader foreign reserves diversification policy, aims to build a solid buffer of gold assets to safeguard the country’s macroeconomic stability and support the local currency.
According to the BoG, the initiative serves multiple strategic purposes, including strengthening foreign exchange reserves, boosting investor confidence, and reducing the economy’s exposure to external shocks.
In a recent communiqué, the Bank stated: “The gold accumulation programme is an essential tool in our efforts to diversify reserve assets, reduce exposure to global financial volatility, and provide the economy with more robust buffers against external shocks.”
