The Ghana Gold Board (GoldBod) announced on Thursday, October 22 that it conducted a US$130 million spot foreign exchange sale at a rate of GH¢11.60 per dollar. The intervention was part of the Board’s effort to improve dollar liquidity amid a period when the cedi had appreciated for more than three consecutive weeks against the US dollar on the interbank market.
GoldBod said the sale was intended to ease pressure on the local currency by increasing the supply of foreign exchange to the market. It added that the move was aimed at supporting the recovery and stability of the Ghana cedi.
As part of its October 2026 programme, the Board plans to provide US$1 billion to authorised commercial banks and an additional US$500 million to the Bank of Ghana for reserve accumulation. The total planned supply of US$1.5 billion forms part of a broader foreign exchange intervention programme.
GoldBod reiterated that its efforts remain focused on foreign exchange market stability and contributing to Ghana’s wider economic recovery. The Board’s interventions are expected to help maintain a stable cedi and support the country’s economic outlook.
