BoG slashes September FX support to $500m as GoldBod boosts dollar supply
The Bank of Ghana (BoG) has significantly reduced the amount of foreign exchange it plans to sell to the market in September 2026.
The Bank of Ghana (BoG) has significantly cut its planned foreign exchange sales for September 2026 to US$500 million, down from previous targets of US$1.5 billion and US$1 billion. This reduction is due to increased foreign exchange receipts from the artisanal and small-scale mining sector, which are now being redistributed to the market.
GoldBod, a major forex generator, is expected to provide US$700 million in September, with US$700 million also allocated to the BoG for reserve accumulation. Despite the reduced sales, the BoG remains prepared to intervene in the market to maintain stability and exchange rate flexibility.
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