GoldBod Sells US$282 Million to Commercial Banks in Weekly FX Sales

The Ghana Gold Board (GoldBod) sold a total of US$282 million to commercial banks through its foreign exchange (FX) sales programme on Tuesday, October 13, and Thursday, October 15, 2026, reinforcing its contribution to foreign exchange supply and Ghana’s broader economic stability.

The Board sold US$197 million to commercial banks on Tuesday, October 13, followed by an additional US$85 million on Thursday, October 15, bringing the total sales for the week to US$282 million.

The sales which were done transparently on the GoldBod GoFX platform form part of GoldBod’s ongoing efforts to make foreign exchange earned from Ghana’s gold resources available to the domestic financial market.

GoldBod’s activities in the foreign exchange market are based on its role as a foreign exchange earner and its statutory mandate under Section 2(b) of the Ghana Gold Board Act, 2025 (Act 1140), to provide foreign exchange to the country.

Under the real-time monitoring of the Bank of Ghana, commercial banks access GoldBod’s digital platform to request US dollars, with available foreign exchange allocated fairly based on the requests submitted by participating banks.

The Board has consistently clarified that its operations constitute Spot FX Sales, not forex trading. While forex trading involves buying and selling currencies, GoldBod does not buy and sell currencies. Rather, it sells the US dollars it earns from its gold operations to commercial banks in exchange for cedis. The cedi proceeds support its gold purchasing operations.

By supplying dollars to commercial banks, GoldBod helps increase the availability of foreign exchange for businesses and other economic actors who require it to finance imports, settle international transactions and meet other legitimate foreign currency obligations.

For ordinary Ghanaians, improved foreign exchange supply can help ease pressure on the cedi, reduce imported cost pressures and contribute to more stable prices of imported goods and services.

GoldBod’s weekly FX sales, therefore, represent an important channel through which the foreign exchange generated from Ghana’s gold resources is mobilised to support domestic market needs, while sustaining the Board’s gold purchasing operations and contributing to the country’s economic resilience.