GoldBod to generate US$1.4bn in FX in September
The Ghana Gold Board (GoldBod) says it will generate US$1.4 billion in foreign exchange in September 2026 as part of efforts to support foreign exchange market stability and build the country’s reserves.
GoldBod, the Ghana Gold Board, forecasts generating US$1.4 billion in foreign exchange in September 2026, aiming to stabilize the foreign exchange market and bolster the nation's reserves. According to the August 31 release, US$700 million will be distributed to commercial banks through spot sales and forward arrangements, while up to US$700 million will be channeled to the Bank of Ghana for reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
The August projection of US$1.315 billion in foreign exchange resulted from a new collaborative financing model for artisanal and small-scale mining gold operations, with US$668.21 million sold directly to commercial banks and US$646.59 million made available to the Bank of Ghana. This model, approved by Cabinet and Parliament, commenced on August 3, 2026, and GoldBod remains committed to its mandate of supporting foreign exchange stability and strengthening the country's reserves.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
