Ghana’s central bank gold reserves have climbed to 38.04 tonnes at the end of October 2025, driven largely by the new Ghana Gold Board (GoldBod) and its domestic procurement strategy.

In market data released by the Central Bank on November 5, 2025, the latest figure represents more than a 35% increase compared to the 28.1 tonnes recorded in October 2024, highlighting continued growth in Ghana’s official gold holdings.

According to the data, the Bank of Ghana’s total gold holdings stood at 30.53 tonnes in December 2024, meaning about 7.51 tonnes have been added between January and October this year.

In September this year, The Central Bank’s gold reserves stood at 37.06 tonnes,, representing a 21.3% increase from 30.53 tonnes in January.

Ghana’s central bank rebuilt its foreign reserves to the equivalent of four and a half months of import cover after it was nearly depleted during a 2022 economic crisis, according to its Governor Johnson Asiama, crediting a new state-run gold trading body which is helping plug foreign-exchange leaks.

The GoldBod, set up in March, has brought in about $8 billion by centralizing the purchase and export of gold, ensuring foreign currency earnings return to Ghana, Asiama said at an event during the International Monetary Fund and World Bank annual meetings in Washington.

“It’s like a revolving kind of fund that we operate,” he told Reuters. “And I think so far it’s been complementary, helping us to build our reserves.”
Asiama said the Bank of Ghana is still receiving bullion directly from large mining firms under existing agreements, further boosting its holdings.