GoldBod to sell spot dollars to banks twice a week under new FX framework

The framework will operate under the regulatory oversight of the Bank of Ghana, which will have real-time access to the GoFX platform, while GoldBod will submit transaction reports to the central bank after each sale.

The Ghana Gold Board (GoldBod) has engaged commercial banks on a new framework for spot foreign exchange sales and intermediation designed to provide authorised banks with predictable and transparent access to US dollars.

Participating banks will submit their requests within designated sales windows, with allocations made on a pro-rata basis where demand exceeds the available foreign exchange.