The Bank of Ghana has launched the Ghana gold coin to provide more investment opportunities to Ghanaians.
The gold coin, which is an initiative under its Gold Purchase Programme will be available on the market in the next two weeks.
Addressing the media at the Monetary Policy Committee (MPC) press conference on Friday, September 27, the Governor of the Bank of Ghana, Dr Ernest Addison, said potential investors can purchase the gold coins in three different ounces in all commercial banks across the country.
The ounces include the half-ounce coin and the quarter ounce coin to suit different investment needs.
Dr Addison said the introduction of the gold coins would help ease pressure on the local currency as individuals who buy dollars and hoard them as a form of investment can now buy the gold coins instead.
“If you don’t buy dollars, you will buy treasury bills or bonds. We are giving you an opportunity from the domestic gold purchasing programme to also buy gold.
“This is what we are trying to launch now and we call it Ghana gold coin,” he said.
He said the Ghana gold coin is manufactured from dory gold dug out of Ghana which has been refined to 99% purity.
Latest Stories
-
GPL 2024/25: Young Apostles, Aduana chase first win Wechi clash
13 mins -
GPL 24/25: Hearts of Lions seek to inflict first defeat on leaders Gold Stars
36 mins -
GPL 2024/25: Hungry Accra Lions eyes first win against Nsoatreman FC
57 mins -
CHRI condemns police conduct during Democracy Hub protests, calls for action
1 hour -
Women’s Premier Super Cup: Ampem Darkoa join Dreamz Ladies in final after win over Faith Ladies
1 hour -
Expert discusses causes, effects, and solutions for erectile dysfunction
2 hours -
Gas tanker overturns at Darkuman near Cable and Wireless
2 hours -
Strengthening media advocacy for decent work & labour rights in Ghana’s Fishing Sector: A capacity building initiative
3 hours -
GhIE holds 43rd induction ceremony in Accra
3 hours -
Sunyani Teaching Hospital mortuary locked, facility draped in red wax cloth
3 hours -
I’ll sanitise football if I become Sports Minister again in 2025 – Nii Lante Vanderpuye
3 hours -
A new book, ‘Road Without Barrier’ by Yaw Anim launched
3 hours -
Police admit it unlawfully detained 2 protesters for more than 48hrs
3 hours -
Gideon Kweitsu: Student movements – A new front in the fight against galamsey
3 hours -
Kings University College SRC donates to Nsawam Medium Security Prison
4 hours