GoldBod generated $10.8bn in forex from small-scale gold — Sammy Gyamfi
The Chief Executive Officer of the Ghana Gold Board (GoldBod), Sammy Gyamfi, says Ghana generated more than $10.8 billion in foreign exchange from artisanal and small-scale mining gold alone, contributing significantly to the country’s foreign exchange market and reserve accumulation.
Sammy Gyamfi, CEO of the Ghana Gold Board (GoldBod), revealed that Ghana earned over $10.8 billion in foreign exchange solely from artisanal and small-scale mining gold. This significant contribution bolstered the country's foreign exchange reserves and market stability. GoldBod's gold purchases enabled the Bank of Ghana to inject approximately $10.6 billion into the forex market, enhancing liquidity.
The influx of foreign exchange led to a remarkable appreciation of the Ghanaian cedi, with the currency gaining more than 41% during the period. By December 2025, Ghana's international reserves surged from $8.9 billion to an impressive $13.8 billion. Sammy Gyamfi shared these insights on JoyNews on August 10, 2026, while dissecting the influence of GoldBod's operations on Ghana's foreign exchange market and overall economy.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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