The Bank of Ghana says it has begun a strategic rebalancing of its foreign reserves, including a measured divestment of part of its gold holdings as it restructures its long-term reserve portfolio. The adjustment forms part of the Bank’s broader strategic asset allocation framework, designed to align the composition of Ghana’s reserves with its long-term monetary and financial stability objectives.
According to the central bank, the recalibration is a proactive response to evolving global market dynamics and is intended to reduce exposure to gold price volatility. By moderating its gold position, the Bank aims to limit the need for active hedging while staying within its established risk parameters. It emphasised that the initiative is not driven by speculation but by disciplined risk management and a commitment to safeguarding Ghana’s external buffers.
The Bank noted that while it closely monitors global commodity price trends, its decisions are anchored in long-term stability rather than short-term fluctuations. The move is expected to enhance the efficiency of external reserve management and reinforce confidence in Ghana’s monetary policy framework.
This cautious yet forward-looking stance signals a renewed focus on resilience amid ongoing global commodity price uncertainties, strengthening Ghana’s macroeconomic positioning and supporting the country’s financial system in a rapidly shifting global environment.
