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.
The Ghana Gold Board (GoldBod) chief executive officer, Sammy Gyamfi, has revealed that the country generated over $10.8 billion in foreign exchange from artisanal and small-scale mining gold alone. This significant contribution to the nation's foreign exchange market and reserve accumulation was made possible through the gold purchases by GoldBod, which enabled the Bank of Ghana to inject approximately $10.6 billion into the foreign exchange market.
By doing so, Gyamfi stated, the gold transactions helped improve liquidity and support the stable value of the cedi. According to the GoldBod CEO, the increased foreign exchange inflows contributed to a remarkable appreciation of the Ghanaian currency, with the cedi experiencing an increase of more than 41 percent during the period.
Furthermore, Gyamfi noted that Ghana's international reserves surged substantially, growing from $8.9 billion to a substantial $13.8 billion by December 2025. These impressive statistics were shared by Gyamfi on JoyNews on Monday, August 10, 2026, as he discussed the impact of GoldBod's operations on Ghana's foreign exchange market and the broader economy.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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