In a strategic move to diversify investment options for citizens, the Bank of Ghana has introduced the Ghana gold coin under its Gold Purchase Programme. This latest initiative aims to provide Ghanaians with a viable alternative to traditional forms of investment, such as the hoarding of foreign currencies.
Announced during the Monetary Policy Committee (MPC) press conference on Friday, September 27, by the Governor of the Bank of Ghana, Dr. Ernest Addison, the gold coins will be made available for purchase at all commercial banks across the country in the coming two weeks. The coins will come in a range of sizes to cater to varying investment capacities, including half-ounce and quarter-ounce denominations.
“The idea behind the gold coin is to offer an additional option for investment that is sourced domestically,” Dr. Addison explained during the press conference. “Rather than buying dollars or other foreign currencies, individuals can now invest in a tangible asset—gold—directly from our domestic market.”
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The gold coins are part of a broader effort by the Bank of Ghana to stabilize the local currency and reduce reliance on foreign currencies as investment vehicles. With a growing trend of investors hoarding U.S. dollars to protect their wealth, the Bank hopes that the introduction of these gold coins will alleviate pressure on the Ghanaian cedi and provide a more stable store of value for citizens.
“The gold coin is crafted from Ghana’s own dory gold and refined to a purity of 99%, ensuring both high quality and local authenticity,” Dr. Addison added. He further emphasized that the gold coins are designed to be accessible to a wide range of investors, ensuring that Ghanaians from all walks of life have the opportunity to diversify their portfolios.
This move reflects the Bank of Ghana’s broader mission to leverage the country’s natural resources for economic growth while also offering citizens new ways to engage with the national economy through investments. The introduction of the Ghana gold coin is expected to appeal not only to seasoned investors but also to those looking for a stable, long-term investment option.
With the gold coins soon to hit the market, the initiative is poised to reshape investment strategies for many Ghanaians, providing a precious metal alternative that is both locally sourced and globally valuable.
