The Bank of Ghana (BoG) has officially launched the Ghana Gold Coin (GGC) as a new financial asset aimed at providing the public with more investment opportunities.As of November 26, 2024, the coins are available in three weights: 1.00 oz, 0.50 oz, and 0.25 oz, priced at GH₵45,020.48, GH₵22,409.74, and GH₵11,188.12, respectively.These prices are based on the previous day's London Bullion Market Association (LBMA) PM gold price of $2,635.
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40 and the Bloomberg exchange rate of 15.7500 USD to GHS.Through this initiative, the BoG aims to offer the public an innovative investment option while enhancing the country's portfolio of financial instruments.As part of the domestic gold program, the launch is designed to reduce excess liquidity in the market and strengthen the local currency against foreign currencies.
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This move is in line with the Bank of Ghana’s broader strategy to stabilize the economy and encourage investment in the nation’s gold reserves.
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