The Ghana Gold Board (GoldBod) generated US$1.871 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in September 2026, exceeding its monthly target of US$1.4 billion.
According to an FX generation and sales update issued by GoldBod’s Finance and Trading Directorate on September 30, the amount was generated in accordance with the Board’s mandate under Section 2(b) of Act 1140.
Of the total foreign exchange generated, US$701.3 million was sold to authorised commercial banks, slightly exceeding the set target of US$700 million.
GoldBod said the sales to commercial banks were intended to support stability in the foreign exchange market.
The remaining US$1.170 billion was provided to the Bank of Ghana (BoG), significantly exceeding the Board’s target of US$700 million for the month.
The funds provided to the central bank are intended to support the accumulation of Ghana’s foreign exchange reserves.
October projection
For October 2026, GoldBod projects generating US$1.5 billion in foreign exchange from its operations.
The Board said US$1 billion of the projected amount would be made available to authorised commercial banks to support foreign exchange market stability.
Up to US$500 million is expected to be provided to the Bank of Ghana to support reserve accumulation in line with the Ghana Accelerated National Reserves Accumulation Programme (GANRAP).
GoldBod said the October sales would be undertaken under its newly developed Spot FX Sales/Intermediation Framework.
According to the Board, the framework is intended to strengthen transparency, fairness and regulatory compliance in its foreign exchange sales and intermediation activities.
GoldBod reaffirmed its commitment to its statutory mandate of generating foreign exchange for Ghana and said it would continue working with relevant stakeholders to support the country’s foreign exchange and reserve management objectives.
This version keeps the figures and claims exactly within the scope of the statement while presenting them in a conventional inverted-pyramid news structure.
Source: www.kumasimail.com
