GoldBod projects $1.4b foreign exchange inflow in September
The Ghana Gold Board (GoldBod) projects $1.4 billion in foreign exchange (FX) in September, with half earmarked to stabilise the market. The post GoldBod projects $1.4b foreign exchange inflow in September appeared first on Ghana Business News .
GoldBod, the Ghana Gold Board, has projected a foreign exchange (FX) inflow of $1.4 billion in September, with half of the funds earmarked for stabilising the market. This announcement follows the approval of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) by the Cabinet and Parliamentary. GoldBod has been working on a new collaborative financing model for artisanal and small-scale mining gold operations, which commenced on August 3, 2026.
In August, GoldBod generated $1.315 billion in FX, with $668.21 million sold directly to commercial banks and $646.59 million made available to the Bank of Ghana for reserve accumulation. For September, $700 million of the projected $1.4 billion will be channelled to commercial banks, while $700 million will be provided to the Bank of Ghana for reserve accumulation.
This arrangement is part of efforts to strengthen Ghana's foreign exchange position and build international reserves.
Brief written by urgent.news from Ghana Business News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
