About the AUD/GHS rate
The AUD/GHS rate is how many GHS one Australian dollar buys. It moves constantly with interest-rate expectations, commodity prices and global risk sentiment - see what moves the rate. Tradergy shows the mid-market reference rate and does not forecast where it’s heading. For the 52-week highs and lows and a daily table, see the AUD/GHS rate history.
The other directions of this rate: the reverse rate, GHS → AUD, is on the receiving Ghanaian cedi view, and sending Australian dollars to Ghana is covered on the AUD → GHS transfer page. Every AUD pair sits on the convert hub, and to work in more than one currency at once there is the currency converter.
How the Bank of Ghana grows reserves without spending foreign currency
A central bank that wants more reserves ordinarily has to earn or borrow foreign currency to buy them. The Bank of Ghana found a way round that. Under the Domestic Gold Purchase Programme, launched on 17 June 2021, it buys domestically produced doré gold from selected aggregators and mining firms and pays for it in local currency at the prevailing market price; the metal is assayed, refined to four-nines fineness and held as reserves.
The starting position the Governor gave at the launch explains why it was worth doing: the Bank's gold holdings had been static at 8.77 tonnes, an average of 6.14 per cent of gross international reserves, and the stated objective was to double them within five years.
The arrangement has since been given a statutory counterpart. The Ghana Gold Board Act, 2025, effective 2 April 2025, created a body with the exclusive right to buy, sell, weigh, grade, assay, value and export gold and other precious minerals in Ghana, with generating foreign exchange and supporting gold reserve accumulation by the Bank of Ghana among its express purposes.
The monetary framework around it is conventional by comparison. The Bank adopted inflation targeting underpinned by a flexible exchange rate in 2007, under the Bank of Ghana Act 2002, with a medium-term target of 8 per cent and a tolerance of two percentage points either side. At its July 2026 meeting it held the policy rate at 14 per cent and reported gross international reserves of 12.9 billion US dollars, equal to five months of import cover.
One law shapes daily use more than any of this. Under the Foreign Exchange Act 2006, the Bank notes, pricing, advertising, receiving or paying for goods and services in foreign currency within Ghana is prohibited.
Sources: Bank of Ghana, Governor's remarks at the launch of the Domestic Gold Purchase Programme · Ghana Gold Board, about us · Bank of Ghana, our monetary policy framework · Bank of Ghana, Monetary Policy Committee press release, July 2026 · Bank of Ghana, prohibition of pricing and payment in foreign currency