Governor of the Bank of Ghana (BOG), Dr. Ernest Addison, has launched the ‘Ghana Gold Coin’ to stabilise the economy and promote investment in Ghana’s gold reserve.
Speaking at the launch during the Monetary Policy Committee meeting with journalists, he said the gold coin has been refined to 99.99 per cent purity and will be issued and guaranteed by Bank of Ghana.
He said, “it gives savers residence in Ghana, an additional avenue to invest, and reap the benefits of the BoG domestic gold purchase programme.”
The Governor also mentioned that the gold coin which has the Ghana coat of arms in front and the independence arch at the back will be made available in units of one ounce, half-ounce and quarter-ounce denominations.
“The packing of the gold coin will be a wooden story box, a transparent coin holder and a certificate of ownership. The Ghana gold enables the BoG to mop up extra liquidity from the banking sector and will supplement the use of our BoG bills”.
According to him, prices for the coins will be published on the Bank’s website for the public.
By Ebenezer K. Amponsah