The Ghana Gold Board (GoldBod) has generated US$1.871 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trading operations in September 2026, exceeding its monthly target of US$1.4 billion.Ghana Regional News
In an announcement issued on Wednesday, September 30, GoldBod said the amount generated was channelled to authorised commercial banks and the Bank of Ghana to support foreign exchange market stability and reserve accumulation.
“Of the total amount, US$701.3 million was sold to authorized commercial banks against the set target of US$700 million to support FX market stability, while an amount of US$1.170 billion was provided to the Bank of Ghana against the set target of US$700 million to support reserve accumulation,” GoldBod wrote.
The figures mean GoldBod exceeded its overall September target by US$471 million, with the amount provided to the central bank accounting for the larger share of the forex generated.
For October 2026, GoldBod says it projects to generate US$1.5 billion in foreign exchange from its gold trading operations.
Under the projection, US$1 billion is expected to be made available to commercial banks to support stability in the foreign exchange market, while up to US$500 million will be provided to the Bank of Ghana to support reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
GoldBod said the planned forex sales would be conducted under its newly developed Spot FX Sales/Intermediation Framework, which is intended to strengthen transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to its statutory mandate of generating foreign exchange for Ghana and said it would continue working with stakeholders to support the country’s foreign exchange and reserve management objectives.
