GoldBod plans US$1.5bn forex injection to support cedi stability
The Ghana Gold Board (GoldBod) has announced plans to supply US$1.5 billion in foreign exchange to commercial banks and the Bank of Ghana in October 2026 as part of efforts to support the stability of the cedi. Under the programme, US$1 billion is expected to be supplied to authorised commercial banks, while US$500 million will […]
GoldBod, the Ghana Gold Board, has announced a US$1.5 billion forex injection to support the stability of the cedi in October 2026. The programme aims to supply US$1 billion to commercial banks and US$500 million to the Bank of Ghana for reserve accumulation. The move comes as the cedi shows signs of appreciation against the US dollar, with the interbank market recording more than three consecutive weeks of positive movement.
GoldBod's interventions are expected to improve dollar liquidity in the market and ease pressure on the local currency, bolstering the country's foreign exchange reserves.
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