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Ghana Gold Board generates US$1.315 billion in forex for August
The Ghana Gold Board (GoldBod) has reported significant foreign exchange generation under the newly implemented Ghana Accelerated National Reserve Accumulation Policy (GANRAP). In August 2026, GoldBod generated US$1.315 billion in foreign exchange. Of this, US$668.21 million was provided to commercial banks to support market stability, while US$646.59 million was transferred to the Bank of Ghana for reserve accumulation.
GoldBod projects generating US$1.4 billion in foreign exchange for September 2026, with an intended split of US$700 million for commercial banks and up to US$700 million for central bank reserves. This follows the formal implementation of the GANRAP framework on August 3, 2026, which establishes a collaborative financing model for artisanal and small-scale mining.
However, the transition of the Domestic Gold Purchase Programme (DGPP) from the Bank of Ghana to GoldBod has drawn scrutiny. Reports indicate the program faced substantial losses in 2025, with some estimates citing costs as high as GH₵22 billion. Political figures have called for greater accountability regarding these losses and the transparency of GoldBod’s financial reporting.
Entities
Bank of Ghana · Ghana · Ghana Gold Board · Ghana Standards Authority · GoldBod · Importers and Exporters Association of Ghana · International Monetary Fund · Samson Asaki Awingobit
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 11 SOURCES] GoldBod generated US$1.315 billion in foreign exchange in August 2026. agriwatchgh.com · myrepubliconline.com · norvanreports.com · onuaonline.com · opemsuo.com · +3 more
- [● 11 SOURCES] In August, US$646.59 million was transferred to the Bank of Ghana for reserve accumulation. agriwatchgh.com · myrepubliconline.com · norvanreports.com · onuaonline.com · opemsuo.com · +3 more
- [● 11 SOURCES] The Ghana Accelerated National Reserve Accumulation Policy (GANRAP) was implemented on August 3, 2026. agriwatchgh.com · myrepubliconline.com · norvanreports.com · onuaonline.com · opemsuo.com · +3 more
- [● 11 SOURCES] Of the projected September funds, US$700 million will go to commercial banks and up to US$700 million to the Bank of Ghana. agriwatchgh.com · myrepubliconline.com · norvanreports.com · onuaonline.com · opemsuo.com · +3 more
- [● 11 SOURCES] In August, US$668.21 million of the generated forex was sold to commercial banks. agriwatchgh.com · myrepubliconline.com · norvanreports.com · onuaonline.com · opemsuo.com · +3 more
- [● 11 SOURCES] GoldBod projects generating US$1.4 billion in foreign exchange for September 2026. agriwatchgh.com · myrepubliconline.com · norvanreports.com · onuaonline.com · opemsuo.com · +3 more
- [○ 1 SOURCE] The IEAG supports the GSA's planned vehicle pre-shipment inspection and age verification programme. agriwatchgh.com
- [● 2 SOURCES] The IMF classified the transfer of the Domestic Gold Purchase Programme to GoldBod as a prior action. agriwatchgh.com
- [● 11 SOURCES] In August, US$668.21 million of the generated funds was provided to commercial banks. agriwatchgh.com · myrepubliconline.com · norvanreports.com · onuaonline.com · opemsuo.com · +3 more
- [○ 1 SOURCE] The Importers and Exporters Association of Ghana (IEAG) supports the Ghana Standards Authority’s planned vehicle inspection programme. agriwatchgh.com