Ghana, Africa’s leading gold producer, is developing a strategic plan to hedge its gold exports as part of efforts to safeguard the revenue inflows that have bolstered its foreign reserves.
The Bank of Ghana Governor, Johnson Asiama, disclosed the move in Accra, noting that strong gold production figures and favourable global prices have significantly boosted the country’s gross international reserves, which now stand at $11.1 billion—enough to cover 4.8 months of imports.
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As of June 2025, Ghana’s gold reserves climbed to 32.99 tonnes, up from 32.16 tonnes in May, reflecting a deliberate push to enhance the central bank’s foreign exchange buffers.
Ghana’s gold exports rose sharply by 76% year-on-year to $5.2 billion between January and April, pushing the country’s trade surplus to $4.1 billion—up significantly from $759 million in the same period in 2024, according to Bloomberg.
This performance, along with the government’s fiscal reforms, has powered a 40% appreciation of the Ghanaian cedi against the U.S. dollar in 2025, making it the second-best performing currency globally among those tracked by Bloomberg.
Inflation has also cooled, reaching an 18.4% low in May—its lowest in three years—down from 21.2% in April, helped by the stronger currency and easing import costs.
Governor Asiama also revealed that Ghana is finalising a regulatory framework for cryptocurrency activities.
The goal is to bring digital asset platforms and exchanges under formal supervision to enhance investor protection and financial system integrity.
“Crypto is here to stay,” Asiama said. “Our focus is not on banning it but on managing it responsibly. We’re not anti-innovation—we want to ensure digital financial tools don’t undermine the monetary system or aid illicit activity.”
The regulation is expected to integrate cryptocurrencies into the country’s anti-money laundering and counter-terrorism financing framework, aligning digital innovation with monetary stability and exchange control policies.
With these developments, Ghana is positioning itself as a regional leader in both commodity risk management and digital finance regulation.
Image Credit Organization of the Petroleum Exporting Cou
