The Bank of Ghana Governor, Dr. Johnson Asiama, has revealed that necessary measures have been instituted to help diversify and strengthen the country’s international reserves.
The Governor noted that “Over the past several years, the Bank of Ghana has deliberately increased the role of gold within Ghana’s international reserves through the Domestic Gold Purchase Programme”.
He disclosed this when he led a technical team from the Bank of Ghana to brief Parliament’s Committee on Economy and Development in Accra today on a detailed Monetary Policy Report.
Composition of Ghana’s International Reserves
During the engagement, Dr. Asiama also revealed that over the past years, his outfit has increased the role of gold within Ghana’s international reserves through the Domestic Gold Purchase Programme.
According to him, prior to the launch of the programme in 2021, the Bank held approximately 8.7 tonnes of gold.
The Governor added that “Through sustained accumulation under the programme, gold holdings increased significantly, reaching over 40 tonnes by October 2025”.
Dr. Asiama also disclosed that gold now represents about 42% of Ghana’s Gross International Reserves by October 2025.
During the engagement, the Central Bank Governor stated emphatically that a recent portfolio rebalancing measures that it undertook did not represent a loss to Ghana’s assets, adding that “The gold was converted into foreign exchange assets, which remain fully part of Ghana’s international reserves”.
He also stated that “the foreign exchange gained from the transactions continued to be actively invested as part of the Bank’s reserve portfolio, generating returns while preserving Ghana’s external buffers”.
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