Central banks in sub-Saharan Africa are accelerating their gold accumulation efforts, in line with a growing trend in emerging markets. This measure provides protection against perceived U.S. macroeconomic instability and growing global geopolitical risks

South Africa has historically kept gold in its reserves. For their part, some countries in sub-Saharan Africa have set up national gold purchase programs, capitalizing on the abundant local gold deposits. Ghana is at the forefront of this trend, with the launch of its national gold purchase program with an increase in the volume and value of its gold reserves, according to BMI, a subsidiary of the Fitch Group

Ghana's total gold reserves increased by 255%, between the second quarter of 2022 and the first quarter of 2025.

Earlier this year, Ghana reached an agreement with nine mining companies to directly buy 20 percent of their gold production at a 1 percent discount on the London Bullion Market Association price

Selon les chiffres de la BMI, le Nigéria a lancé l' année dernière son propre programme national d' achat d' or et des mesures législatives ont depuis été prises pour renforcer la capacité de la Bank Central Nigeria to