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Ghana's central bank sold some gold to boost foreign reserves, stabilizing its economy and cutting inflation from 23.8% to 3.3%.
The Bank of Ghana, led by Governor Johnson Pandit Asiama, explained that converting part of its gold reserves to foreign exchange was a strategic move to diversify reserves, not a loss of assets.
Gold holdings rose to over 40 tonnes by October 2025, making up 42% of reserves due to soaring global prices, creating concentration risk.
To restore balance and improve liquidity and stability, the central bank made a measured rebalancing, keeping proceeds within total reserves, which reached $13.8 billion by end-2025—enough for 5.7 months of import cover.
Inflation fell from 23.8% in late 2024 to 3.3% by February 2026, reflecting progress from monetary tightening and broader reforms aimed at strengthening financial stability.
El banco central de Ghana vendió algo de oro para impulsar las reservas extranjeras, estabilizando su economía y reduciendo la inflación del 23.8% al 3.3%.