The Ghana Gold Board (GoldBod) has exceeded its foreign exchange target for September 2026, generating a total of US$1.871 billion from its small-scale gold trade operations against a monthly target of US$1.4 billion.
The Board has sold US$701.3 million of the amount to authorised commercial banks to support FX market stability and provided US$1.170 billion to the Bank of Ghana (BoG) to support reserve accumulation, both above the US$700 million targets set for each.
GoldBod, in an announcement issued by its Finance and Trading Directorate on Wednesday, September 30, 2026, said the generation was in accordance with its mandate under section 2(b) of Act 1140.
According to the statement, of the total amount generated, US$701.3 million was sold to authorised commercial banks against the set target of US$700 million to support FX market stability.
It added that 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.
For October 2026, GoldBod has projected to generate US$1.5 billion in foreign exchange, with US$1 billion to be made available to commercial banks to support FX market stability.
The Board said up to US$500 million will be provided to the Bank of Ghana to support the building of reserves in line with the GANRAP.
It said this will be done in accordance with the newly developed Spot FX Sales/Intermediation Framework to strengthen transparency, fairness and regulatory compliance.
GoldBod said it remains committed to its statutory mandate to generate foreign exchange for Ghana and will continue to work closely with all stakeholders.
GoldBod changes gold assay rules for local purchases effective October 1
