All news
Central banks

DGPP was Bawumia’s idea, helped grow gold reserves to 30.53 tonnes by December 2024 – Jinapor

World Gold brief based on reporting byModern Ghana
Brief

Reported by Modern Ghana: “DGPP was Bawumia’s idea, helped grow gold reserves to 30.53 tonnes by December 2024 – Jinapor”. Gold settled at $4,495 an ounce on August 31, 2026 — $144.51 per gram, +0.37% on the day. The headline carries a figure: 30.53 tonnes — quoted as published, not independently verified.

Why it matters

Official-sector buying or selling changes physical demand and long-term market expectations. Persistent purchases can support the market, but do not guarantee an immediate price increase.

Transmission channels
  • official reserves
  • physical demand
  • currency confidence
  • long-term expectations
What to watch next
  • next reserve disclosure
  • net purchase volume
  • geographic breadth
  • official confirmation of 30.53 tonnes
Methodology and transparency

This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.

Read the full report at the original publisherModern Ghana
Data on this topicGold price and reserves in GhanaGold price today by currency
Related coverageCentral banksAn economic analysis of domestic gold purchase losses by the central bank in 2024 and 2025 and the way forwardCentral banksGold's August Paradox: Central Banks Hoard While the Fed Hawks CircleCentral banksBenishangul-Gumuz Delivers Nearly 9 Tonnes of Gold to Central BankCentral banksBank of Namibia yet to decide on gold reserve target beyond 3%