GoldBod
The Ghana Gold Board (GoldBod) says it expects to generate US$1.4 billion in foreign exchange in September 2026, under a new collaborative financing model for its artisanal and small-scale mining gold operations.
GoldBod said the model, developed following consultations with the Ministry of Finance, the Bank of Ghana, commercial banks and other market stakeholders, began implementation on August 3, 2026, following approval of the Ghana Accelerated National Reserve Accumulation Policy (GANRAP) by Cabinet and Parliament.
Under the September plan, US$700 million will be made available to commercial banks through foreign exchange sales to support stability in the foreign exchange market.
A further up to US$700 million will be provided to the Bank of Ghana for reserve accumulation under GANRAP.
GoldBod said the arrangement builds on its August performance, when it generated US$1.315 billion in foreign exchange under the new financing model.
Of the August amount, US$668.21 million was sold directly to commercial banks through spot sales and funded forward arrangements, while US$646.59 million was made available to the Bank of Ghana for reserve accumulation.
