GoldBod Generates US$1.01 Billion in Forex in October

The Ghana Gold Board (GoldBod) says it generated foreign exchange totalling US$1.011 billion from its Artisanal and Small-Scale Mining (ASM) gold trade operations in October 2026.

In an announcement on GoldBod FX Generation and Sales Update for November 2026, issued on November 2, 2026, by the Finance and Trade Directorate, the Board said the full amount generated was sold to authorised commercial banks on the GoldBod GoFX platform to support FX market stability in the month of October.

The Board operates in accordance with its mandate under section 2(b) of ACT 1140.

For November 2026, GoldBod is projecting to generate a total of US$1.2 billion in foreign exchange from its ASM gold trade operations. Of this amount, US$800 million will be made available to commercial banks to support market stability.

According to the statement, FX sales will be conducted on the GoldBod GoFX platform in line with the approved FX Sales and Intermediation Framework to ensure transparency, fairness and regulatory compliance.

“The GoldBod remains committed to its statutory mandate to generate foreign exchange for the country and will continue to support foreign reserve accumulation by the Bank of Ghana, in accordance with the Ghana Accelerated National Reserve Accumulation Policy (GANRAP),” the statement added.

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