LE BRIEF

Ghana: GoldBod reports $1.011 billion in October foreign exchange from small-scale gold trading

LE BRIEF • 2026-11-04

The state trader says it sold all the proceeds to authorised banks through GoFX. Receipts were approximately 46% below September, while the November generation target is $1.2 billion.

Original source : Original source

LE BRIEF — Wednesday, 4 November 2026 By the LE BRIEF newsroom Country : Ghana Source publication : 2 November 2026 statement; additional analysis on 3 November Event : October trading update released on 2 November Supplied photograph: handling gold bars, with a GoldBod / Ghana Gold Board watermark. Gold-sector illustration; its date and connection to October transactions are not established. Photograph supplied to the newsroom; provenance and reproduction rights are undocumented. Small-scale gold trading continues to supply Ghana's foreign-exchange market. On 2 November, the Ghana Gold Board, or GoldBod, reported generating $1.011 billion in foreign exchange in October through its artisanal and small-scale gold operations. Its statement says the entire amount was sold to authorised commercial banks through the GoldBod GoFX platform. The institution describes these sales as a way to support foreign-currency availability and domestic market stability. Substantial flows, but lower monthly receipts The total was below September receipts of approximately $1.871 billion, as reported in bne IntelliNews's analysis. The $860 million difference represents a decline of roughly 46%. This compares generated receipts, not an equivalent decline in bank sales, whose allocation can change. October also fell short of the initial $1.5 billion target. Available figures alone do not separate the...