Bank of Ghana hints at rebalancing foreign reserves with partial gold divestment

The Bank of Ghana says is undertaking a strategic rebalancing of its total foreign reserves, which includes a partial divestment of its gold holdings.

The initiative forms part of the Bank’s broader strategic asset allocation framework, aimed at aligning the composition of reserves with long-term objectives as captured in the Bank’s Monetary Policy FAQs.

By adjusting its exposure, the Bank seeks to reduce vulnerability to gold price volatility, thereby minimising the need for active hedging within its defined risk parameters.

While the Bank maintains an informed view of global gold price trends, it stresses that its approach is not speculative.

Instead, the move is a disciplined and prudent risk management strategy, ensuring that decisions on reserve composition are guided by long-term stability and financial resilience rather than short-term market fluctuations.

The rebalancing could improve Ghana’s external reserve management efficiency while maintaining confidence in the country’s monetary framework, signalling a cautious but proactive stance amid global commodity price uncertainties.

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