Ghana Gold Board Launches Dollar Auction Platform to Stabilise FX Market
GoldBod conducted its first foreign exchange auction, selling $125m to commercial banks as part of a new transparency-focused framework.
Bank of Ghana launches direct cedi payment scheme for Chinese imports, easing forex burden
Stanbic Bank now allows Ghanaian importers to pay Chinese suppliers directly in cedis, bypassing dollar conversions.
Ghana Gold Board smashes September FX target with $1.87bn haul from artisanal mining
GoldBod exceeded its monthly foreign exchange target by $470m in September, bolstering Ghana's reserves and market stability.
Ghana's Foreign Exchange Buffer Erodes to Dangerous Levels as Reserve Crisis Deepens
Ghana's international reserves plummet to US$11.1 billion in August, shrinking the country's import cover to just 4.2 months amid gold export concerns.
Cedi slides again as Christmas imports trigger fresh dollar demand spike
The Ghanaian cedi has depreciated 1.86% in July and faces continued pressure into August as businesses stockpile imports ahead of the festive season.
Ghana's 2026 Current Account Surplus Surges to 7.8% on Strong Gold and Oil Exports
Fitch Solutions dramatically upgrades Ghana's 2026 current account forecast following exceptional trade performance in H1 2026.
Ghana Gold Board to inject $1.4bn into forex market in September, bolstering reserves
GoldBod projects $1.4bn FX generation in September under new collaborative mining model to stabilise exchange rates.
How Ghana's Gold Reserves Programme Built $5 Billion Buffer and Steadied the Cedi
Dr Bawumia credits gold-for-oil and reserves schemes with strengthening foreign exchange and currency stability.
GoldBod's Losses Justified by Market Competition with Foreign Buyers – Manteaw
Ghana Extractive Industries Transparency Initiative co-chair argues GoldBod's financial losses reflect necessary costs to compete against entrenched Indian and Chinese buyers.
Ghana's mining firms commit to historic gold reserve deal with government
Major mining companies agree to sell 30% of gold output to strengthen Ghana's foreign reserves under new GANRAP initiative.
BoG pumps $8.2bn into forex market as cedi depreciates 10.61% this year
Central bank's aggressive dollar sales aim to stabilise cedi amid energy sector demand and dwindling reserves.
Ghana's small-scale gold sector pumps $10.8bn into economy, strengthens cedi reserves
Ghana Gold Board chief reveals artisanal mining generated over $10.8bn in forex, bolstering reserves and currency stability.