The Bank of Ghana has officially launched the Ghana gold coin, aimed at providing more investment opportunities for Ghanaians.
This new initiative, part of the gold purchase program, will be available in the market within the next two weeks.
At a press conference on September 27, 2024, Governor Dr. Ernest Addison announced that the gold coins would be sold in three different ounces, including half-ounce and quarter-ounce coins, making them accessible to a wider range of investors through all commercial banks nationwide.
Dr. Addison emphasized that the introduction of gold coins is a strategic move to alleviate pressure on the local currency. By offering an alternative investment option, the central bank aims to discourage the practice of hoarding dollars.
“If you don’t buy dollars, you will buy treasury bills or bonds. We are giving you an opportunity from the domestic gold purchasing program to also buy gold,” he stated.
The Ghana gold coin is manufactured from dory gold mined in the country, refined to an impressive 99% purity, ensuring both quality and local economic support.
