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Ghanaian Times·3 min read·medium

135.843 metric tonnes of gold purchased under GoldBod programme in 17 months

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135.843 metric tonnes of gold purchased under GoldBod programme in 17 months
AI Summary

Ghana's government purchased 135.843 metric tonnes of gold, valued at approximately US$16.1 billion, through the Ghana Gold Board (GoldBod) between January 2025 and May 2026. This gold, sourced from the Artisanal and Small-Scale Mining (ASM) sector, significantly contributed to the appreciation of the Ghanaian cedi and increased foreign exchange reserves.

Why it matters

This significant gold purchasing program highlights Ghana's strategy to strengthen its economy, stabilize its currency, and boost foreign exchange reserves, demonstrating a direct impact on national macroeconomic recovery and addressing gold smuggling.

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The government purchased a total of 135.843 metric tonnes of gold, valued at approximately US$16.1 billion, between January 2025 and May 2026, the Deputy Minister of Finance, Mr Thomas Nyarko Ampem, has said.

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Political Bias
Center
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Confidence: 80%

Factual reporting of government economic data and statements from a government official regarding a national program.

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