Dr Johnson Asiama, Bank of Ghana GovernorThe Bank of Ghana (BoG) has insisted that the country has not been short-changed following the recent liquidation of a portion of its gold reserves. According to the Central Bank, the transaction involved converting part of its gold holdings into foreign exchange (FX) assets, and not a drawdown or loss of national reserves. “The gold was liquidated into FX and not written down,” the Bank stated, adding that “the FX remains fully part of Ghana’s international reserves and is being actively invested.”The assurance was contained in a document sighted by JOYBUSINESS, following public concerns that Ghana may have suffered losses due to the decision to liquidate part of its gold reserves. The Bank reiterated that it “liquidated a portion of its gold holdings on the international market as part of a deliberate reserve portfolio diversification strategy.”BackgroundIn December 2024, Ghana’s gold reserves stood at 30.53 tonnes. “Ghana’s reserves remain intact, invested and strong,” the Bank said, adding that the action reflects prudence, not pressure.