GoldBod generates $1.011bn in forex from gold trade in October

The Ghana Gold Board (GoldBod) reported generating a record US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trading activities during October 2026. This significant sum was sold through the GoldBod GoFX platform to authorized commercial banks, with the aim of bolstering stability in the foreign exchange market.

In November, GoldBod anticipates a further US$1.2 billion in foreign exchange from ASM gold trade. Of this projected figure, US$800 million is earmarked for distribution to commercial banks, intended to further fortify the foreign exchange market's resilience. The sales process will be managed via the GoldBod GoFX platform, adhering to the Board's approved FX Sales and Intermediation Framework to maintain transparency, fairness, and regulatory adherence.

GoldBod reaffirms its dedication to fulfilling its statutory mission of generating vital foreign exchange for Ghana and bolstering the nation's foreign reserves through the Bank of Ghana's Ghana Accelerated National Reserve Accumulation Policy (GANRAP).