The Bank of Ghana (BoG) has unveiled the Ghana Gold Coin (GGC) as part of its efforts to diversify investment opportunities and strengthen the country’s financial instruments portfolio. The coins, introduced on November 26, 2024, are available in three denominations: 1.00 oz, 0.50 oz, and 0.25 oz, with respective prices set at GH₵45,020.48, GH₵22,409.74, and GH₵11,188.12.
The pricing structure is pegged to global gold market trends, reflecting the London Bullion Market Association (LBMA) PM gold price from the previous day, which stood at $2,635.40, and the Bloomberg exchange rate of 15.7500 USD to GHS.
The initiative is part of BoG’s domestic gold programme, designed to provide Ghanaians with innovative investment vehicles while contributing to economic stability. The programme aims to absorb excess liquidity in the market, bolster the value of the Ghanaian cedi against foreign currencies, and promote investment in Ghana’s gold reserves.
By introducing the GGC, the Bank of Ghana underscores its commitment to leveraging the country’s natural resources to support financial stability and enhance public access to secure investment products. This move is expected to appeal to both individual and institutional investors, positioning gold as a cornerstone of economic resilience and growth in Ghana.
