BoG gold reserves hit 31.37 tonnes as of April 30

The Bank of Ghana (BoG) has accrued its golden reserves to 31.37 tonnes arsenic of April 30, 2025, marking a sustained upward inclination successful the cardinal bank’s strategical effort to enactment up the country’s overseas speech reserves and heighten monetary argumentation credibility.

The April fig reflects a humble emergence from the 31.01 tonnes recorded astatine the extremity of March 2025 and continues the maturation trajectory observed since May 2023, erstwhile reserves stood astatine conscionable 8.78 tonnes.

The much than threefold summation implicit a two-year play signals a decisive argumentation displacement by the cardinal bank, leveraging Ghana’s gold-producing capableness to enactment macroeconomic stability.

This accumulation has been driven chiefly by the Domestic Gold Purchase Programme introduced by the BoG.

The inaugural aims to summation the country’s overseas speech buffers, boost capitalist confidence, and reenforce the stableness of the Ghana cedi amid volatile planetary fiscal conditions.

At the motorboat of the programme, the BoG noted that beyond bolstering reserves, it besides intended to grow golden holdings to service arsenic collateral for securing cheaper sources of planetary financing. This would amended short-term overseas speech liquidity and trim reliance connected much costly borrowing instruments.

The Bank’s strategy besides aligns with ongoing efforts to diversify Ghana’s reserve assets, moving distant from accepted holdings specified arsenic U.S. Treasury instruments toward assets with much intrinsic value, similar gold.

Analysts accidental the accumulation of golden is simply a prudent effect to rising planetary involvement rates and superior travel volatility. They enactment that a robust golden reserve presumption enhances Ghana’s equilibrium of payments resilience, provides a buffer against outer shocks, and strengthens the cardinal bank’s argumentation toolkit.

SP/MA

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