Ghana is taking steps to hedge gold exports to secure the earnings that have boosted its international reserves. As of June 2025, Ghana’s reserves have grown to $11.1 billion, driven by higher gold production and rising global prices. This new strategy will help protect the country from future price drops and keep its economy stable.
Gold Reserves Boost Revenue and Cedi Strength
According to the Bank of Ghana, gold reserves increased to 32.99 tonnes by the end of June 2025, up from 32.16 tonnes in May. This rise reflects Ghana’s effort to build stronger foreign exchange buffers. The country’s gold exports rose by 76% in the first four months of the year, reaching $5.2 billion. This pushed the trade surplus up to $4.1 billion, compared to just $759 million during the same period in 2024.
This strong performance has helped the Ghanaian cedi appreciate over 40% against the US dollar in 2025, making it the second-best performing currency in the world, after the Russian ruble. Inflation also dropped to 18.4% in May, its lowest in three years, due to lower import costs and a stronger currency.
Why Ghana Wants to Hedge Gold Exports
The Governor of the Bank of Ghana, Dr. Johnson Asiama, says the goal to hedge gold exports is part of a long-term strategy to guard against market shocks. He warned that although current gold prices are favourable, a sudden fall could hurt the country’s trade surplus and overall financial health.
“Hedging is a smart way to protect our gains,” Dr. Asiama explained during a recent business meeting in Accra. “We’re encouraging businesses to do the same to manage risks better.”
Crypto Regulation on the Horizon
Aside from the focus on gold, Ghana is also working on a new regulatory framework for cryptocurrency. The Bank of Ghana plans to bring all crypto exchanges and digital asset platforms under official control to protect investors and reduce financial crime.
“Crypto is here, and we must manage it properly,” said Dr. Asiama. “Our aim is not to ban innovation but to regulate it so that it supports, not harms, the financial system.”
This upcoming regulation will ensure that cryptocurrencies follow the country’s rules on anti-money laundering and anti-terrorism financing. Ghana now joins a small number of African nations leading the way in digital currency regulation.
Supporting the Cedi Through Investment
Dr. Asiama urged exporters and businesses to reinvest profits in Ghana to help stabilize the local currency. He also encouraged citizens to use the Ghana cedi for all local transactions to boost its value.
“The more we invest locally, the stronger our cedi becomes,” he said.
Ghana’s move to hedge gold exports reflects smart planning to secure its economic future. With rising reserves, stronger trade performance, and new crypto rules, the country is positioning itself as a leader in both financial stability and innovation.
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