GoldBod exceeds September FX target by US$471m
By Marcella Mwinkoma Babing The Ghana Gold Board (GoldBod) generated US$1.871 billion in foreign exchange from its Artisanal and Small-Scale Mining gold trading operations in September 2026, exceeding its monthly target of US$1.4 billion by US$471 million. The September performance represents 134 percent of GoldBod’s target for the month. According to the Board, US$701.3 million […]
GoldBod, the Ghana Gold Board's Artisanal and Small-Scale Mining gold trading operations, surpassed its September foreign exchange target by generating US$471 million more than the US$1.4 billion goal. This marked a 134 percent achievement rate for the month. Of the US$1.871 billion in foreign exchange, US$701.3 million was sold to authorized commercial banks, slightly exceeding the US$700 million target.
Additionally, GoldBod provided US$1.170 billion to the Bank of Ghana to bolster the country's foreign exchange reserves, surpassing the US$700 million goal. The recent figures represent a significant increase from August, when GoldBod generated US$1.315 billion in foreign exchange. For October, GoldBod aims to generate US$1.5 billion, with US$1 billion allocated to commercial banks for market stability and up to US$500 million provided to the Bank of Ghana for reserve accumulation.
This new Spot FX Sales/Intermediation Framework aims to enhance transparency, fairness, and regulatory compliance in foreign exchange sales and intermediation. The Board reaffirmed its commitment to generating foreign exchange for Ghana and working closely with stakeholders to achieve its goals.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.