The Ghana Gold Board (GoldBod) has announced plans to generate US$1.4 billion in foreign exchange in September 2026 as part of efforts to strengthen Ghana’s reserves and support stability in the foreign exchange market.
According to a statement issued on August 31, 2026, US$700 million of the projected amount will be made available to commercial banks, while up to US$700 million will be provided to the Bank of Ghana for reserve accumulation.
GoldBod disclosed that it generated US$1.315 billion in foreign exchange in August under its new collaborative financing model. Of this amount, US$668.21 million was sold directly to commercial banks through spot sales and funded forward arrangements to support market stability.
An additional US$646.59 million was made available to the Bank of Ghana for reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP). The new financing model, which supports artisanal and small-scale mining gold operations, commenced on August 3, 2026.
The initiative followed consultations involving the Ministry of Finance, the Bank of Ghana, commercial banks and other stakeholders after GANRAP received Cabinet and parliamentary approval. GoldBod reaffirmed its commitment to generating foreign exchange for Ghana and operating transparently with all stakeholders.
