Ghana’s Gold Reserves Rise to 31.37 Tonnes in April 2025
The rise in reserves is part of a broader plan by the Bank of Ghana to diversify its asset holdings and reduce reliance on traditional foreign currencies.
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Goldbod Obtains Agreement with Nine Large Scale Mining Companies to Buy 20% of Their Gold Output
The landmark agreement was reached after series of negotiations between the management of GoldBod and representatives of mining companies who are not part of the Bank of Ghana Domestic Gold Purchase Program.
Ghana’s gold reserves surge to 31.01 tonnes as of April 2025.
This marks a notable increase from 30.81 tonnes recorded at the end of February 2025, and continues a sustained growth trend that has been observed over the past two years.
Gold Reaches $3,500 as Trump’s Attacks on Powell Unnerve Markets
Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump’s renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets
Gov’t rejects Gold Fields’ Damang lease extension, orders vacation by April 18
The decision not to renew the mining lease comes at a time when the existing 30-year lease granted on April 18, 1995, expires on April 18, 2025
Goldbod Now Sole Assayer, Seller, Buyer and Exporter of All Gold Produced by Small-Scale Miners in Ghana
The GoldBod is currently, the sole buyer, seller, assayer and exporter of all gold produced by the licensed Artisanal and Small-Scale Mining (ASM) sector in Ghana, it has been announced.
Ghana’s Export Revenue in 2024 Dominated by Gold, Crude Oil and Cocoa
This significantly outpaced the country’s imports, which stood at GH₵250.2 billion, resulting in a trade surplus of GH₵44.7 billion, according to the latest Ghana Statistical Service (GSS) Trade Report.
Gold-for-Oil Program Suspended by Ghana’s Central Bank Boss.
BoG Governor Dr. Johnson Asiama acknowledged the setbacks, stating, “We have had to incur some losses on that, so we have put some suspension on the trade.”
Government statistics shows that Gold remains Ghana’s top export commodity.
Ghana’s 2024 Trade Report according to the Ghana Statistical Service (GSS), revealed an increasing export strength, with total exports of GH¢294.9 billion compared to imports of GH¢250.2 billion
BoG Gold Coin Investment rises in value attracting rise in investment interest
Currently, the one-ounce coin is priced at GH₵46,671.17, up from GH₵45,020