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 from its artisanal and small-scale gold (ASM) trading activities in September 2026, surpassing its monthly target of US$1.4 billion. The majority of the US$701.3 million sold to authorized commercial banks exceeded the set target of US$700 million to stabilize the foreign exchange market.

Additionally, the US$1.170 billion provided to the Bank of Ghana significantly surpassed the US$700 million target aimed at bolstering reserves. For the upcoming month of October 2026, GoldBod anticipates generating US$1.5 billion in foreign exchange. Of this projected amount, US$1 billion is expected to be distributed among commercial banks to maintain market stability, with up to US$500 million directed towards the Bank of Ghana for reserve accumulation as part of the Ghana Accelerated National Reserves Accumulation Programme (GANRAP).

The Board emphasized its dedication to Ghana's foreign exchange generation mandate and its ongoing collaboration with stakeholders to ensure the nation's financial stability.