GoldBod generates US$1.87bn in FX in September, exceeds monthly target

The Ghana Gold Board (GoldBod) reported generating US$1.871 billion in foreign exchange (FX) in September 2026 from its artisanal and small-scale gold (ASM) trading operations, surpassing its monthly target of US$1.4 billion. GoldBod allocated US$701.3 million of the proceeds to authorized commercial banks, exceeding the US$700 million target aimed at promoting foreign exchange market stability.

An additional US$1.170 billion was directed to the Bank of Ghana, significantly surpassing the US$700 million target designated for reserve accumulation. For the following month, October 2026, GoldBod anticipates FX generation of US$1.5 billion, with US$1 billion intended for commercial banks to bolster FX market stability and up to US$500 million for the Bank of Ghana to aid reserve accumulation as part of the Ghana Accelerated National Reserves Accumulation Programme (GANRAP).

GoldBod's October sales will be executed under its newly developed Spot FX Sales/Intermediation Framework, designed to enhance transparency, fairness, and regulatory compliance. The Board reiterated its dedication to achieving its statutory mandate of generating foreign exchange for Ghana and collaborating with stakeholders to bolster the nation's financial stability.