The Ghana Gold Board (GoldBod) has generated US$1.871 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in September 2026, exceeding its monthly target of US$1.4 billion.
According to an announcement issued by the GoldBod’s Finance and Trading Directorate on September 30, 2026, the amount was generated in accordance with its statutory mandate under Section 2(b) of Act 1140.
Of the total foreign exchange generated, US$701.3 million was sold to authorised commercial banks, surpassing the set target of US$700 million. The funds are intended to support stability in Ghana’s foreign exchange market.
The GoldBod also provided US$1.170 billion to the Bank of Ghana, against a target of US$700 million, to support the accumulation of the country’s foreign exchange reserves.
Looking ahead, GoldBod projects that it will generate US$1.5 billion in foreign exchange in October 2026. It expects to make US$1 billion available to commercial banks to support FX market stability, while up to US$500 million will be provided to the Bank of Ghana to support reserve accumulation under the Ghana Accelerated National Reserves Accumulation Policy (GANRAP).
GoldBod said the October transactions will be conducted under its newly developed Spot FX Sales/Intermediation Framework, which is designed to strengthen transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to generating foreign exchange for Ghana and working closely with stakeholders.
