The Ghana Gold Board (GoldBod) injected US$1.011 billion into Ghana’s foreign exchange market in October 2026, selling the entire amount generated from its artisanal and small-scale mining (ASM) gold trading operations to authorised commercial banks to support currency stability.

The substantial foreign exchange injection represents another major contribution to efforts to improve dollar liquidity, strengthen the country’s external reserves and support stability in the cedi.

The Board said the full US$1.011 billion generated during the month was sold through its GoldBod GoFX platform, in accordance with its statutory mandate under Section 2(b) of the Ghana Gold Board Act, 2025 (Act 1140).

Building on October’s performance, GoldBod is projecting to generate US$1.2 billion in foreign exchange from its ASM gold trading operations in November 2026, of which US$800 million will be made available to commercial banks to support stability in the foreign exchange market.

The planned allocation represents two-thirds of the projected November foreign exchange generation, signalling the Board’s continued commitment to supplying dollars to the banking system.

GoldBod said all foreign exchange sales would be conducted through the GoFX platform in line with its approved Foreign Exchange Sales and Intermediation Framework to ensure transparency, fairness and regulatory compliance.

The Board reaffirmed its commitment to its statutory responsibility of generating foreign exchange for the country and supporting the accumulation of international reserves by the Bank of Ghana.

It said its operations would continue to complement the Ghana Accelerated National Reserve Accumulation Policy (GANRAP), which seeks to strengthen the country’s foreign reserve position.

The latest figures underscore the growing importance of ASM gold trading in Ghana’s foreign exchange mobilisation strategy, with GoldBod serving as a key channel for converting gold exports into foreign currency inflows.

The Board said it remained committed to sustaining its contribution to foreign reserve accumulation and supporting stability in the foreign exchange market.