IC Insights expects more market-determined forex market; predicts GH¢11.6 –11.8 to one dollar in interbank market by December 31

IC Insights said, “We interpret raising gold sale requirements for large-scale miners as a reference to the newly established Ghana Accelerated National Reserves Accumulation Policy (GANRAP) 2026 – 2028. In August 2026, the Ghanaian authorities and large-scale miners signed a memorandum of understanding under the GANRAP, which requires large-scale miners to sell 30.0% of their gold output to the Bank of Ghana and the GoldBod. In our view, this raises the threshold from the previous requirement of 20.0% and supports reserve accumulation plans”.