The Ghana Gold Board (GOLDBOD) generated US$1.315 billion in foreign exchange in August 2026 under its new collaborative financing model for artisanal and small-scale mining gold operations.

According to GOLDBOD, US$668.21 million of the amount was sold directly to commercial banks through spot sales and funded forward arrangements to support foreign exchange market stability.

A further US$646.59 million was made available to the Bank of Ghana for reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).

GOLDBOD said it will generate US$1.4 billion in foreign exchange in September 2026.

Of that amount, US$700 million will be made available to commercial banks to support foreign exchange market stability.

Up to another US$700 million will be provided to the Bank of Ghana for reserve accumulation.

GOLDBOD said implementation of the new financing model began on August 3, 2026, following approval of GANRAP by Cabinet and Parliament.

The announcement was issued by GOLDBOD’s Finance and Trading Directorate on August 31, 2026.