The gold coin, which is an initiative under its gold purchase programme will be available on the market in the next two weeks.
Addressing the media at the Monetary Policy Committee (MPC), the Governor of the Bank of Ghana, Dr Ernest Addison, said potential investors can purchase the gold coins in three different ounces in all commercial banks across the country.
Dr Addison said the introduction of the gold coins would help ease pressure on the local currency, as individuals who buy dollars and hoard them as a form of investment can now buy the gold coins instead.
“If you don’t buy dollars, you will buy treasury bills or bonds. We are giving you an opportunity from the domestic gold purchasing program to also buy gold.
This is what we are trying to launch now and we call it the Ghana gold coin,” he said.
He said the Ghana gold coin is manufactured from dory gold dug out of Ghana, which has been refined to 99% purity.
Source – GBC
