Bank of Ghana publishes Ghana Gold Coin Pricing for Tuesday, February 4, 2024

Per the BpG publication, the price for one ounce is  GH₵45,210.37. The Bank of Ghana launched its gold coin as an alternative investment asset available to the general public.

The Bank of Ghana has published the Ghana Gold Coin Pricing for Tuesday, February 4, 2024.

Per the BpG publication, the price for one ounce is  GH₵45,210.37.

The Bank of Ghana launched its gold coin as an alternative investment asset available to the general public.

The previous Governor, Dr Ernest Addison who launched the coin at a press conference in Accra on Friday, September 27 explained that the Ghana gold coin enables the Bank of Ghana to mop up extra liquidity in the banking sector

”Now, 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.

“The Ghana gold coin is manufactured from gold dug out of Ghana which has been refined to 99% purity.  It is issued and guaranteed by the bank of Ghana.”

Dr Addison added ”It will be available in three different units. That is the one-ounce coin, the half-ounce coin and the quarter ounce coin to suit different investment needs.

“Each coin has the Ghana  Coat of Arms in front  and the Independence arch at the back ,” he said. adding that this initiative is to “deepen our financial markets by offering other avenues for savers to invest ”