The Ghana Gold Board (GoldBod) says it will generate US$1.4 billion in foreign exchange in September 2026 as part of efforts to support foreign exchange market stability and build the country’s reserves.
According to GoldBod, US$700 million of the projected foreign exchange will be made available to commercial banks, while up to another US$700 million will be provided to the Bank of Ghana for reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
The announcement follows the implementation of a new collaborative financing model for GoldBod’s artisanal and small-scale mining gold operations, which commenced on August 3, 2026, after consultations with the Ministry of Finance, the Bank of Ghana, commercial banks and other market stakeholders.
GoldBod disclosed that in August 2026, it generated US$1.315 billion in foreign exchange under the new model.
Out of that amount, US$668.21 million was sold directly to commercial banks through spot sales and funded forward arrangements to support stability in the foreign exchange market.
A further US$646.59 million was made available to the Bank of Ghana for reserve accumulation under GANRAP.
GoldBod said the September allocation forms part of its broader efforts to strengthen Ghana’s foreign exchange position and support stability in the currency market.
“GoldBod remains committed to its statutory mandate to generate foreign exchange for Ghana and will continue to work transparently with all stakeholders,” the Finance and Trading Directorate of the Ghana Gold Board stated.
The GoldBod announcement was issued on August 31, 2026.
Source: Ghana/otecfmghana.com
