By Emmanuel Bamfo 
The Ghana Gold Board (GoldBod) has generated a staggering $1.871 billion in foreign exchange (FX) during September 2026 alone. Operating under its official mandate through small-scale and artisanal gold trade operations, GoldBod surpassed its monthly projection of $1.4 billion by an impressive $471 million.
This record-breaking revenue generation represents roughly 134 percent of the board’s target for the month, demonstrating immense structural growth across the national precious minerals sector.
According to official operational data released by GoldBod, the revenue distribution strictly aligns with Section 2(b) of the Ghana Gold Board Act, 2025 (Act 1140). The board transferred $701.3 million directly to authorized commercial banks to supply foreign currency liquidity for commercial trade.
Furthermore, GoldBod supplied $1.170 billion to the Bank of Ghana (BoG), easily surpassing the reserve target of $700 million set for central bank accumulation.
Chief Executive Officer Samuel Gyamfi noted that bringing artisanal and small-scale miners into a regulated, formal trading framework stops illegal smuggling while protecting national wealth.
| Performance Indicator | Official Target | Actual Recorded Yield |
| Commercial Bank FX Supply | $700 Million | $701.3 Million |
| Bank of Ghana Reserve FX | $700 Million | $1.170 Billion |
| Total FX Generated | $1.400 Billion | $1.871 Billion |
Source: Ghana Gold Board (GoldBod) Official Statements, 2026
Directing gold trade earnings through official channels gives the central bank heavy ammunition to cushion the local currency against volatility.
Following September’s record performance, GoldBod has set a confident foreign exchange target of $1.5 billion for October 2026.
Institutional cooperation between GoldBod, commercial banks, and the central bank guarantees long-term financial stability while empowering local small-scale mining communities across Ghana.
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Source: Ghana News Page