The Ghana Gold Board (GoldBod) says it plans to supply US$1.5 billion in foreign exchange to the market in October 2026 as part of efforts to support the cedi and improve dollar liquidity.
Under the programme, US$1 billion is expected to be supplied to authorised commercial banks, while another US$500 million is earmarked for the Bank of Ghana for reserve accumulation.
In a Facebook post on Thursday, October 22, GoldBod said its interventions were supporting the recovery and stability of the local currency amid a period of appreciation against the US dollar on the interbank market.
The Board noted that the cedi had recorded more than three consecutive weeks of appreciation against the dollar, adding that increased foreign exchange supply was helping to improve liquidity and ease pressure on the local currency.
GoldBod also cited a reported US$130 million spot foreign exchange sale at GH¢11.60 per dollar as part of its interventions.
The Board said the measures formed part of its commitment to foreign exchange market stability and Ghana’s broader economic recovery.