The Bank of Ghana (BoG) has unveiled the Ghana Gold Coin (GGC) as a groundbreaking investment option for the public, providing a fresh avenue for wealth diversification.
Officially launched on November 26, 2024, the GGC is available in three denominations:
- 1.00 oz: Priced at GH₵45,020.48
- 0.50 oz: Priced at GH₵22,409.74
- 0.25 oz: Priced at GH₵11,188.12
The prices are tied to the London Bullion Market Association (LBMA) PM gold price, which was pegged at $2,635.40, and the Bloomberg USD to GHS exchange rate of 15.7500 on the day prior to launch.
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This initiative is part of BoG’s domestic gold programme, strategically designed to:
- Offer Ghanaians innovative investment options.
- Absorb excess liquidity in the economy.
- Strengthen the Ghanaian cedi against major trading currencies.
- Promote investment in the nation’s gold reserves.
With this launch, BoG is not only expanding Ghana’s financial instruments portfolio but also reinforcing its efforts to stabilize the economy and empower Ghanaians to invest in the country’s most treasured natural resource.
Source: citynewsroom
