GoldBod Generates $1.87bn Forex In September, Exceeds Target

The Ghana Gold Board has generated 1.871 billion dollars in foreign exchange from its artisanal and small-scale mining gold trading operations in September 2026, exceeding its monthly target by 471 million dollars.

According to a report published by Ghana News Agency on October 1, 2026, the Ghana Gold Board has generated 1.871 billion dollars in foreign exchange from its artisanal and small-scale mining gold trade operations in September 2026, exceeding its monthly target of 1.4 billion dollars by 471 million dollars. The strong performance represents 134 per cent of GoldBod’s announced target for the month, reinforcing the Board’s role in generating foreign exchange for Ghana through its gold trading operations. A total of 701.3 million dollars of the amount generated was sold to authorised commercial banks, slightly exceeding the set target of 700 million dollars to support stability in the foreign exchange market.

According to a report published by Graphic.com.gh on October 1, 2026, a further 1.170 billion dollars was provided to the Bank of Ghana, significantly exceeding the set target of 700 million dollars, to support the accumulation of foreign exchange reserves. These foreign exchange sales are conducted in accordance with GoldBod’s mandate under Section 2(b) of the Ghana Gold Board Act, 2025, which provides the statutory basis for the Board’s foreign exchange generation activities. In August 2026, GoldBod generated 1.315 billion dollars in foreign exchange, with 668.21 million dollars sold directly to commercial banks and 646.59 million dollars made available to the Bank of Ghana.

According to a report published by Citi Newsroom on September 30, 2026, the amount generated was channelled to authorised commercial banks and the Bank of Ghana to support foreign exchange market stability and reserve accumulation. Of the total amount, 701.3 million dollars was sold to authorised commercial banks against the set target of 700 million dollars to support market stability, while 1.170 billion dollars was provided to the Bank of Ghana against the set target of 700 million dollars to support reserve accumulation. The Board said it remains committed to its statutory mandate to generate foreign exchange for Ghana.

According to a report published by MyJoyOnline on September 30, 2026, for October 2026, GoldBod is projecting to generate 1.5 billion dollars in foreign exchange from its gold trading operations. Under the projection, 1 billion dollars is expected to be made available to commercial banks to support stability in the foreign exchange market, while up to 500 million dollars will be provided to the Bank of Ghana to support reserve accumulation in line with the Ghana Accelerated National Reserve Accumulation Programme. GoldBod said the planned sales would be conducted under its newly developed Spot Foreign Exchange Sales Intermediation Framework, which is intended to strengthen transparency, fairness and regulatory compliance.

This report is based on verified publications by Ghana News Agency on October 1, 2026, Graphic.com.gh on October 1, 2026, Citi Newsroom on September 30, 2026, and MyJoyOnline on September 30, 2026.

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