GoldBod generated US$1.315 billion in foreign exchange in August 2026 through a new collaborative financing model for its artisanal and small‑scale gold mining operations.
Of this, US$668.21 million was sold directly to commercial banks via spot transactions and forward contracts, helping to stabilise the foreign‑exchange market.
An additional US$646.59 million was provided to the Bank of Ghana for reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
“In August 2026, GoldBod generated US$1.315 billion in foreign exchange under the new model,” GoldBod said in an FX generation and sales update issued on Monday, 31 August.
The financing model was developed following consultations among GoldBod, the Ministry of Finance, the Bank of Ghana, commercial banks and other market stakeholders.
Implementation began on 3 August, after Cabinet and Parliament approved GANRAP.
GoldBod stated the model supports its statutory duty to generate foreign exchange for Ghana, strengthen the country’s reserve position and promote forex‑market stability.
For September, GoldBod expects to generate US$1.4 billion in foreign exchange.
Of the projected amount, US$700 million will be allocated to commercial banks to aid market stability, while a similar sum will be provided to the Bank of Ghana for reserve accumulation.
“In September 2026, GoldBod will generate US$1.4 billion in foreign exchange,” the statement added.
GoldBod pledged to continue working with the Ministry of Finance, the central bank, commercial banks and other stakeholders to roll out the financing model.
