Ghana’s gold reserves saw a slight increase to 19.2 tonnes in February 2026, up from 18.6 tonnes in December 2025, according to the latest Summary of Economic and Financial Data from the Bank of Ghana.
The rise follows a sharp decline in late 2025 that had sparked public concern over the management of the country’s reserve assets. Data from the central bank shows that gold reserves grew steadily from 27.2 tonnes in September 2024 to a peak of 37.1 tonnes in September 2025, reflecting an aggressive accumulation strategy, before dropping to 18.6 tonnes by December 2025.
Governor Johnson Asiama explained that the adjustment was part of a deliberate portfolio rebalancing plan to reduce concentration risk. Gold holdings had previously made up over 40% of Ghana’s international reserves, exceeding the 20–25% benchmark common among peer economies. Part of the gold was converted into foreign exchange assets to strengthen reserve resilience, with proceeds retained within the country’s international reserves and invested to improve returns.
The central bank stressed that the increase represents a shift in reserve composition rather than a depletion of national wealth and pledged to continue monitoring and adjusting its reserves according to market conditions and international best practices.
Source: citinews
