Ghana Central Bank Aims to Rebuild Reserves

The article focuses on the efforts of the Bank of Ghana to rebuild its foreign exchange reserves, which has become a priority amid a weak current account, declining gold reserves, and the interruption of gold exports since August 2025. This disruption is due to gold sales and reduced purchases by the Central Bank. Data indicates that gold reserves have fallen from 33 tons in the same period last year to 24.4 tons in June 2026, with major mining companies increasing their share of gold sold to the Central Bank to 30% in order to bolster reserves. Despite these challenges, Ghana's economy grew by 6.0% in the second quarter of 2026, though this is slightly lower than the 6.6% growth achieved in the previous year. These steps are part of the Central Bank’s efforts to maintain the stability of the local currency and support foreign reserves.

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