GoldBod generates $1.011bn from gold trade in October, projects $1.2bn for November
The Ghana Gold Board (GoldBod) says it generated US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in October 2026. According to the GoldBod, the entire amount was sold to authorised commercial banks through its GoldBod GoFX platform to support stability in the foreign exchange market. In an announcement, […]
The Ghana Gold Board (GoldBod) reported that it generated US$1.011 billion from gold trade in October 2026, according to their latest announcement. The foreign exchange was obtained through the GoldBod GoFX platform, which sold the gold to authorized commercial banks to maintain stability in the foreign exchange market.
GoldBod has set a target to generate US$1.2 billion from ASM gold trade operations in November 2026. Of this amount, US$800 million is expected to be made available to commercial banks for supporting foreign exchange market stability. The GoldBod GoFX platform will be utilized for these sales, as per the board's approved FX Sales and Intermediation Framework. This framework aims to ensure transparency, fairness, and compliance with regulatory requirements.
GoldBod emphasized its dedication to its statutory mandate of generating foreign exchange for Ghana and supporting the accumulation of the country's foreign reserves. These efforts are being carried out in line with the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
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