GoldBod Generates US$1.87bn in Foreign Exchange in September, Surpassing Target
GoldBod generated US$1.871bn in FX from artisanal and small‑scale gold trading in September 2026.
In Brief
- •GoldBod generated US$1.871bn in FX from artisanal and small‑scale gold trading in September 2026.
- •The figure exceeds the board’s monthly target of US$1.4bn.
- •US$701.3m of the proceeds were sold to authorised commercial banks, slightly above the US$700m target.
- •US$1.170bn was transferred to the Bank of Ghana, surpassing the US$700m reserve target.
- •For October, GoldBod projects US$1.5bn in FX, with US$1bn earmarked for banks and up to US$500m for the Bank of Ghana.
Why It Matters
GoldBod’s FX generation directly feeds Ghana’s foreign‑exchange reserves, supporting monetary stability and the country’s ability to meet external obligations. The surplus over targets signals robust gold‑market activity and strengthens the Bank of Ghana’s capacity to manage the cedi’s volatility. The allocations also align with the Ghana Accelerated National Reserves Accumulation Programme (GANRAP), underscoring the board’s role in national economic strategy.
Key Details
- Total FX Generated (Sept 2026)
- US$1.871bn
- FX to Commercial Banks
- US$701.3m
- FX to Bank of Ghana
- US$1.170bn
- Monthly Target
- US$1.4bn
- October Projection
- US$1.5bn
- October FX to Commercial Banks
- US$1bn
Context & Background
GoldBod, Ghana’s statutory gold board, is mandated to generate foreign exchange from gold trading to support the country’s financial stability and reserve accumulation.
Original Reporting & Sources
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