Ghana is seeking to purchase up to 30% of gold produced by miners as part of efforts to strengthen the country’s foreign reserves, according to the central bank.
The initiative is aimed at increasing gold holdings and supporting economic stability amid global financial uncertainties. Officials said the plan would allow the central bank to secure more domestically produced gold directly from mining companies operating in the country.
Ghana is one of Africa’s leading gold producers, and the proposed policy is expected to play a significant role in boosting reserve assets while reducing dependence on foreign currency holdings. Authorities believe the move could also help stabilize the local economy and improve financial resilience.
Industry experts noted that increased central bank participation in gold purchases reflects a broader global trend of countries expanding bullion reserves as a safeguard against economic volatility. Further discussions with mining firms and stakeholders are expected before the policy is fully implemented.