Ghana’s international reserve accumulation strategy is facing a fresh challenge as falling global gold prices threaten to reduce the foreign-exchange proceeds expected from the country’s expanding artisanal and small-scale mining …
Extractives
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Banking & FinanceEconomyExtractivesTop StoryTrade
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EconomyExtractivesInvestmentsTop Story
Cedi gains for second week as GoldBod injects US$197m into forex market
The Ghana cedi has recorded marginal gains against the US dollar on the interbank market for the second consecutive week, supported by improved foreign exchange liquidity following fresh dollar sales …
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The Ghana Gold Board (GoldBod) has sold approximately US$125 million to commercial banks in its maiden foreign exchange auction under a new framework aimed at improving transparency, fairness and regulatory …
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The Minerals Commission has directed Goldcoast GRC Ghana Limited to suspend all activities under its offshore reconnaissance licences following concerns raised by stakeholders over the proposed operations within Ghana’s territorial …
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The Ghana Chamber of Mines has urged the mining industry to move beyond highlighting its financial contributions to the economy and instead demonstrate tangible, measurable improvements in the lives of …
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EconomyExtractivesMiningTop StoryTrade
GoldBod exceeds September FX target, generates US$1.87bn from trade operations
The Ghana Gold Board (GoldBod) generated US$1.871 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in September 2026, surpassing its monthly target of US$1.4 …
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Banking & FinanceExtractivesMiningTop Story
EBID boosts support for Azumah Resources with new US$230m facility for Black Volta Gold Project
The ECOWAS Bank for Investment and Development (EBID) has approved a US$230 million financing facility for Azumah Resources Ghana Limited to support the development of the Black Volta Gold Project. …
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Banking & FinanceEconomyExtractivesNews AnalysisTop Story
Gold price slide threatens FX earnings, reserve accumulation
Ghana’s ambitious drive to rebuild its foreign-exchange reserves is entering a more difficult phase as a sharp correction in international gold prices threatens to reduce the value of the country’s …
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Banking & FinanceExtractivesInvestmentsTop Story
GoldBod export shipments resume, no threat to reserve build-up — BoG Governor
Bank of Ghana Governor Dr Johnson Pandit Asiama has dismissed concerns that recent irregularities in GoldBod’s export shipments could derail Ghana’s reserve accumulation strategy, insisting that the country’s external buffers …
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EconomyExtractivesFeatureMining
Ghana’s new economy: Why mining should be the anchor of our new economic transformation
As the Minister for Finance engages key ministries on Ghana’s New Economy, the ambition is compelling: to build an economy that does not merely withstand shocks but creates wealth and …
