The Ghana Gold Board (GoldBod) generated US1.871 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in September 2026, outperforming its monthly target of US1.4 billion.
Out of the total foreign exchange earned, US701.3 million was sold to authorized commercial banks against a US700 million target to stabilize the domestic FX market.
The Bank of Ghana received US1.170 billion to boost reserve accumulation, exceeding the initial US700 million set target.
“In September 2026, the Ghana Gold Board (GoldBod) in accordance with its mandate under section 2(b) of ACT 1140, generated from its ASM gold trade operations, foreign exchange totaling US1.871 billion against the announced monthly target of US1.4 billion,” the Finance and Trading Directorate of GoldBod stated in an update issued on Wednesday, September 30, 2026.
Looking ahead, GoldBod projects to generate US$1.5 billion in foreign exchange in October 2026.
Under the October outlook, US1 billion will be channelled to commercial banks to maintain foreign exchange market stability, while up to US500 million will be allocated to the Bank of Ghana to support reserve building under the GANRAP framework.
The board emphasised that future sales will follow its newly established Spot FX Sales/Intermediation Framework to enhance operational fairness and transparency.
“This will be done in accordance with the newly developed Spot FX Sales/Intermediation Framework of the GoldBod to strengthen transparency, fairness and regulatory compliance,” the statement noted.
GoldBod reaffirmed its commitment to executing its statutory mandate to generate foreign exchange for Ghana through continued collaboration with key industry stakeholders.
By: Rainbowradioonline.com/Ghana