Ghana will increase its gold reserves
The Ghana Gold Board reached an agreement with the Ghana Chamber of Mines to purchase 30% of gold output from all large-scale mining companies in the country, up from 20% previously, effective July 1, 2026.
According to GoldBod’s official statement issued on June 25, 2026, gold purchases in doré form will be settled in Ghanaian cedis at a 0.55% discount to the Bank of Ghana’s reference rate.
The new government program aims to build reserves equivalent to fifteen months of import cover by 2028.
AFRICA NEWS AGENCY
