GoldBod Generated $1.315 Billion in Forex in August
The Ghana Gold Board (GoldBod) has announced it generated US$1.315 billion in foreign exchange in August 2026 under its new collaborative financing model for artisanal and small-scale gold mining operations.
In a statement issued on August 31, 2026, by its Finance and Trading Directorate, GoldBod said the achievement follows the approval of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) by Cabinet and Parliament, and subsequent consultations with the Ministry of Finance, the Bank of Ghana, commercial banks and other market stakeholders.
According to the announcement, implementation of the new model commenced on August 3, 2026.
Of the US$1.315 billion generated in August, GoldBod said US$668.21 million was sold directly to commercial banks through spot sales and funded forward arrangements to support foreign exchange market stability, while a further US$646.59 million was made available to the Bank of Ghana for reserve accumulation under the GANRAP.
Looking ahead, GoldBod projects to generate US$1.4 billion in foreign exchange in September 2026.
“Of this amount, US$700.0 million will be made available to commercial banks to support foreign exchange market stability, while up to US$700 million will be provided to the Bank of Ghana for reserve accumulation,” the statement said.
GoldBod reiterated its commitment to its statutory mandate to generate foreign exchange for Ghana and said it will continue to work transparently with all stakeholders.
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