GoldBod generates $1.8bn in foreign exchange in September - Exceeds target by $471m

170 billion was provided to the Bank of Ghana (BoG), significantly exceeding the set target of $700 million, to support the accumulation of foreign exchange reserves.3 million of the amount generated was sold to authorised commercial banks, slightly exceeding the set target of $700 million, intended to support stability in the foreign exchange market.

Of the projected amount, $1 billion will be made available to commercial banks to support FX market stability, while up to $500 million will be provided to the BoG to support the building of Ghana’s reserves in line with GANRAP.