Arica Facts Zone presents Top 10 African countries with gold reserves. As of 2022, Algeria was the African country with gold reserve larger than any other African country, at 174 metric tons. The North African country was followed by South Africa, with gold reserves at 125 metric tons. Libya and Egypt ranked next, with 117 metric tons and 80.73 metric tons, respectively.
Below are the Top 10 Country with Gold Reserve
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Algeria 174 metric tons
Algeria’s Gold Reserves is the highest in Africa with 173.56 tonnes in the first quarter of 2022, a report by the World Gold Council.
South Africa – 125 metric tons
The second African country with gold reserve lesser than Algeria is South Africa with 125.35 metric tons, showing unchanged gold reserves held by the South African Reserve Bank.
Egypt – 124.97 metric tons
The third African country with gold reserve lesser than South Africa is Egypt. Egypt increased its gold reserves from 80.91 tonnes to 124.97 tonnes to rank No.3 in Africa in terms of gold reserves.
Libya and Morocco
The fourth and fifth African country with gold reserve lesser than Egypt is Libya and Morocco. Libya and Morocco’s gold reserves remain unchanged holding 117 and 22.12 tonnes as No.4 and No.5 respectively.
Nigeria – 21.37 metric tons
The 6th African country with gold reserve lesser than Libya and Morocco is Nigeria. Nigeria maintained its gold reserve at 21.37 tonnes, occupying the 6th position on the continent.
Mauritius – 12.44 metric tons
The 7th African country with gold reserve lesser than Nigeria is Mauritius. Mauritius Gold Reserve stands at 12.44 Tonnes and minimum was 1.91 Tonnes. Data published Quarterly by World Gold Council.
In the long-term, the Mauritius Gold Reserves is projected to trend around 12.72 Tonnes in 2023 and 12.78 Tonnes in 2024.
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Ghana – 8.74 metric tons
Gold’s Gold reserves remained unchanged at 8.74 Tonnes. The maximum volume of reserves was 8.74 Tonnes and minimum was 8.71 Tonnes
Tunisia – 6.84 metric tons
Tunisia’s Gold Reserves remained unchanged at 6.84 Tonnes. The maximum volume of reserves was 6.84 Tonnes and minimum was 6.74 Tonnes.
Mozambique – 3.94 metric tons
Mozambique Gold Reserves remained unchanged at 3.94 Tonnes . The maximum volume of reserves was 6.38 Tonnes and minimum was 0.15 Tonnes
Source of Data: Statista, businessinsider, infomediang Trading Economics