NPA CEO Credits GoldBod for Improved Forex Availability to Fuel Importers

The Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe, Esq., said, interventions by the Ghana Gold Board (GoldBod) have contributed to improved foreign exchange availability for petroleum importers, helping to ease currency-related pressures on the importation of refined petroleum products into the country.

He mentioned that GoldBod’s improved access to foreign exchange for Bulk Distribution Companies (BDCs) had helped contain importation costs and limit the extent to which currency-related expenses were transferred to consumers.

Speaking in an interview on Eyewitness News on Thursday, November 5, 2026, Mr. Tamakloe attributed the improvement partly to interventions by GoldBod and the Bank of Ghana, which he said had strengthened the country's reserve position and supported foreign exchange availability for petroleum imports.

He explained that the increased availability of foreign exchange had become an important intervention in managing petroleum import costs, particularly amid rising international crude oil prices.

Mr. Tamakloe noted that the improved forex situation was complemented by other government measures aimed at cushioning consumers against rising fuel prices.

The acknowledgement by the NPA Chief Executive highlights the growing significance of GoldBod's gold-sector interventions beyond the minerals industry, particularly in supporting foreign exchange mobilisation, strengthening Ghana's external position and improving access to foreign currency for critical sectors of the economy.

Through its gold purchase, export and foreign exchange mobilisation activities, GoldBod continues to contribute to national economic stability and the availability of foreign exchange for productive and essential economic activities.