Ghana has increased pressure on large-scale gold mining companies to sell a larger share of their production to the central bank, as part of an expanded strategy to strengthen national foreign exchange reserves, a senior government official told Reuters.

Under the revised arrangement, mining firms are now expected to offload 30% of their annual gold output to the Bank of Ghana, up from the previous 20% requirement. The move is part of the country’s ongoing reserve accumulation programme, which relies heavily on gold purchases to stabilize the local currency and bolster external buffers.

The policy adjustment reflects Ghana’s broader effort to reinforce macroeconomic stability amid persistent currency pressures and external financing constraints. Gold remains one of the country’s key export earners and a central pillar of its reserve management strategy.

However, mining companies say that key commercial terms governing the new arrangement remain unresolved, raising uncertainty over pricing mechanisms, payment timelines, and contractual obligations.

Industry stakeholders have cautioned that without clear and mutually agreed terms, the revised requirement could create operational and investment challenges for large-scale producers.

The Bank of Ghana has not yet issued a detailed public statement on the revised quota, but the policy aligns with earlier initiatives aimed at increasing domestic gold retention to support reserve rebuilding.

Ghana, one of Africa’s top gold producers, has increasingly relied on gold-backed strategies in recent years as part of efforts to stabilize its economy and reduce vulnerability to external shocks.