GoldBod generates $1.871bn in Foreign Exchange in September, exceeds target by $471m
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.
In an announcement issued by its Finance and Trading Directorate on Wednesday, September 30, 2026, the Board said the amount was generated in line with its statutory mandate under Section 2(b) of Act 1140.
Of the total amount, US$701.3 million was sold to authorized commercial banks against the set target of US$700 million to support FX market stability, while US$1.170 billion was provided to the Bank of Ghana against the set target of US$700 million to support reserve accumulation.
For October, GoldBod projects to generate US$1.5 billion in foreign exchange. It plans 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 in line with the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
GoldBod said the October transactions will be conducted under its newly developed Spot FX Sales/Intermediation Framework to strengthen transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to generating foreign exchange for Ghana and said it will continue working closely with relevant stakeholders to fulfil its mandate.
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