{"id":397537,"date":"2026-01-29T21:38:16","date_gmt":"2026-01-29T21:38:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/397537\/"},"modified":"2026-01-29T21:38:16","modified_gmt":"2026-01-29T21:38:16","slug":"bog-explains-why-ghanas-gold-holdings-dropped-sharply-by-18-tonnes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/397537\/","title":{"rendered":"BoG explains why Ghana’s gold holdings dropped sharply by 18 tonnes"},"content":{"rendered":"

Ghana\u2019s gold holdings have fallen from 37.1 tonnes to 18.6 tonnes between September and December 2025. But the decline according to the Bank of Ghana (BoG) is not a loss of national assets but an adjustment following a deliberate and prudent reserve management strategy.<\/p>\n

Governor, Dr. Johnson Asiama explains that at a point, gold accounted for more than 40 percent of Ghana\u2019s total international reserves, significantly higher than the 20 to 25 percent benchmark observed among many peer economies.<\/p>\n

Therefore, to reduce concentration risk and strengthen overall reserve resilience, the Central Bank took a decision to rebalance the portfolio by converting part of the gold holdings into foreign exchange.<\/p>\n

He adds that, the proceeds from the conversion remain fully within Ghana\u2019s international reserves and are being actively invested to support reserve accumulation and generate returns.<\/p>\n

<\/a><\/p>\n

This the Governor clarifies, is a shift in the composition of reserves rather than a depletion of national wealth, noting that effective reserve management requires periodic adjustments in response to market conditions and risk exposures.<\/p>\n

The Bank of Ghana, he assured, continues to closely monitor reserve developments and will make further adjustments when necessary, in line with international best practice.<\/p>\n

The Governor encouraged the public and market participants to consult the full Monetary Policy Committee press briefing for a broader context on the decision and the Central Bank\u2019s overall reserve strategy.<\/p>\n

Bank of Ghana hints at rebalancing foreign reserves with partial gold divestment<\/p>\n

In December 2025, the Bank of Ghana, in a Monetary Policy FAQs, announced that it was undertaking a strategic rebalancing of its total foreign reserves, which includes a partial divestment of its gold holdings.<\/p>\n

It was part art of the Bank\u2019s broader strategic asset allocation framework, aimed at aligning the composition of reserves with long-term objectives.<\/p>\n

By adjusting its exposure, the Bank sought to reduce vulnerability to gold price volatility, thereby minimising the need for active hedging within its defined risk parameters.<\/p>\n

While the Bank maintained an informed view of global gold price trends, it stressed that its approach is not speculative so that decisions on reserve composition are guided by long-term stability and financial resilience rather than short-term market fluctuations.<\/p>\n

The rebalancing was to improve Ghana\u2019s external reserve management efficiency while maintaining confidence in the country\u2019s monetary framework amid global commodity price uncertainties.<\/p>\n","protected":false},"excerpt":{"rendered":"Ghana\u2019s gold holdings have fallen from 37.1 tonnes to 18.6 tonnes between September and December 2025. But the…\n","protected":false},"author":2,"featured_media":397538,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-397537","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/397537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=397537"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/397537\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/397538"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=397537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=397537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=397537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}