GoldBod Generates US$1.011 Billion in October, Projects US$1.2 Billion for November
By Magdalene Andoh The Ghana Gold Board (GoldBod) has announced that 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 a statement issued by its Finance and Trade Directorate on November 2, 2026, the entire US$1.011 billion generated was sold to authorised […]
The Ghana Gold Board (GoldBod) reported a staggering US$1.011 billion in foreign exchange revenue from its Artisanal and Small-Scale Mining (ASM) gold trade operations in October 2026. This significant sum was entirely sold to authorized commercial banks through the GoldBod GoFX platform, aimed at bolstering the stability of Ghana's foreign exchange market.
In November 2026, GoldBod anticipates generating an even larger US$1.2 billion from similar ASM gold trade operations. Out of this projected figure, US$800 million is set to be allocated to commercial banks for the same purpose of stabilizing the foreign exchange market. The sales process will be managed through the GoFX platform, adhering to the approved FX Sales and Intermediation Framework to ensure transparency, fairness, and adherence to regulations.
GoldBod emphasizes its dedication to fulfilling its statutory mandate of generating foreign exchange for the nation and simultaneously bolstering the Bank of Ghana's foreign reserves, all in alignment with the Ghana Accelerated National Reserve Accumulation Policy (GANRAP). This announcement underscores GoldBod's ongoing endeavors to augment foreign exchange availability and contribute to the financial market's overall stability in Ghana.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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