GoldBod pumps US$255m into banks as festive dollar demand rises

Of this amount, US$1 billion will be sold to commercial banks, while US$500 million will be transferred to the Bank of Ghana to support the accumulation of foreign exchange reserves.

The Ghana Gold Board (GoldBod) has sold US$255 million to commercial banks through its GoFX platform as it steps up efforts to support dollar supply in the foreign exchange market.

In a notice to commercial banks last month, the Bank of Ghana indicated that it did not anticipate undertaking a foreign exchange intermediation programme in October 2026.