The Ghana Gold Board (GoldBod) generated US$1.871 billion in foreign exchange (FX) in September 2026, exceeding its monthly target of US$1.4 billion by US$471 million.
Of the total foreign exchange generated, US$701.3 million was sold to authorised commercial banks, while **US$1.170 billion was transferred to the Bank of Ghana to support the accumulation of the country’s foreign exchange reserves.
The latest figures highlight GoldBod’s growing role in Ghana’s gold trade, foreign exchange market and reserve accumulation strategy, as the country seeks to strengthen its FX position and improve liquidity in the domestic financial market.
GoldBod’s August FX Performance
In August 2026, GoldBod generated US$1.315 billion in foreign exchange.
From this amount, US$668.21 million was supplied directly to commercial banks through spot foreign exchange sales and funded forward arrangements.
A further US$646.59 million was provided to the Bank of Ghana for reserve accumulation under the Ghana Gold for Reserves Accumulation Programme (GANRAP).
The figures indicate continued strong foreign exchange generation from Ghana’s gold sector, with GoldBod playing a central role in converting gold revenues into FX liquidity and supporting the country’s international reserves.
GoldBod Sets US$1.5 Billion FX Target for October
For October 2026, GoldBod has set a US$1.5 billion foreign exchange target under its newly introduced Spot FX Sales/Intermediation Framework.
The framework is designed to promote greater transparency, fairness and regulatory compliance in Ghana’s foreign exchange market.
From October 2026, GoldBod will assume full responsibility for foreign exchange intermediation, marking a significant change in the institution’s role in Ghana’s FX market.
The development is expected to further formalise GoldBod’s participation in foreign exchange sales, gold-related FX transactions and commercial bank liquidity management, while supporting efforts to strengthen transparency and efficiency in the country’s financial sector.
Source: newsthemegh.com