The Ghana Gold Board (GoldBod) reported that it generated US$1.871 billion in foreign exchange from artisanal and small‑scale gold (ASM) trading operations in September 2026, exceeding its monthly target of US$1.4 billion.
GoldBod said US$701.3 million of the proceeds were sold to authorised commercial banks, slightly above the US$700 million target aimed at supporting stability in the foreign exchange market.
An additional US$1.170 billion was transferred to the Bank of Ghana, well above the US$700 million reserve‑accumulation target.
Looking ahead, GoldBod projects US$1.5 billion in FX for October 2026. Of that, US$1 billion is expected to be made available to commercial banks to aid market stability, while up to US$500 million will be provided to the Bank of Ghana under the Ghana Accelerated National Reserves Accumulation Programme (GANRAP).
The Board noted that October sales will be conducted under its newly developed Spot FX Sales/Intermediation Framework, which it says will strengthen transparency, fairness and regulatory compliance.
GoldBod reaffirmed its statutory mandate to generate foreign exchange for Ghana and to collaborate with stakeholders to support the country’s financial stability.
