The Ghana Gold Board (GoldBod) generated US$1.871 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in September 2026.

This exceeded its announced monthly target of US$1.4 billion.

GoldBod said the amount was generated “in accordance with its mandate under section 2(b) of ACT 1140”.

Of the total, US$701.3 million was sold to authorised commercial banks against a set target of US$700 million “to support FX market stability”.

Another US$1.170 billion was provided to the Bank of Ghana against a set target of US$700 million “to support reserve accumulation”.

GoldBod projects US$1.5bn for October

GoldBod said it projects to generate US$1.5 billion in foreign exchange in October 2026.

Of this amount, US$1 billion will be made available to commercial banks “to support FX market stability”, while up to US$500 million will be provided to the Bank of Ghana “to support the building of reserves in line with the GANRAP”.

GoldBod said this will be done under its newly developed Spot FX Sales/Intermediation Framework.

According to the statement, the framework is intended “to strengthen transparency, fairness and regulatory compliance”.

GoldBod said it remains committed to its statutory mandate to generate foreign exchange for Ghana.

“GoldBod remains committed to its statutory mandate to generate foreign exchange for Ghana and will continue to work closely with all stakeholders,” the statement said.

The announcement was issued by the Finance and Trading Directorate of the Ghana Gold Board on Wednesday, September 30, 2026.