Core Insights - Ghana's total gold reserves reached 38.04 tons as of October 31, 2025, marking an increase of over 35% from 28.1 tons recorded in October 2024 [1] - The Bank of Ghana's gold holdings increased by approximately 7.51 tons from January to October 2024, with a monthly growth rate exceeding 4% [1] - The steady growth in gold reserves is attributed to the domestic gold purchase program initiated in June 2021, aimed at diversifying the central bank's holdings and reducing reliance on the US dollar [1] Summary by Sections - Gold Reserves Growth - Ghana's gold reserves increased to 38.04 tons, a significant rise from 28.1 tons in 2024, indicating a robust growth trend [1] - The total gold holdings as of December 2024 were 30.53 tons, reflecting a substantial increase during the year [1] - Domestic Gold Purchase Program - The Bank of Ghana's initiative to buy gold directly from local mining companies has been pivotal in enhancing the country's gold reserves [1] - Payments for gold purchases are made in Ghanaian cedis, which helps to mitigate the bank's dependence on the US dollar [1] - Impact on Currency Stability - The increase in gold reserves is expected to bolster confidence in the Ghanaian cedi, aiding the central bank in maintaining currency stability and curbing speculative activities in the foreign exchange market [1] - The Bank of Ghana's commitment to enhancing international reserves is seen as crucial for stabilizing the cedi's exchange rate [1]
加纳黄金储备达38.04吨同比增长35%
Shang Wu Bu Wang Zhan·2025-11-07 16:11