The Bank of Ghana has launched the Ghana Gold Coin, crafted from locally sourced dowry gold, refined to 99.99% purity.
Dr. Ernest Addison, Governor of the Bank of Ghana, announced that the coin is issued and guaranteed by the central bank and comes in three denominations: one ounce, half ounce, and quarter ounce, catering to various investment needs.
The governor stated that the gold coin will help the central bank absorb excess liquidity in the banking sector, supplementing the use of Bank of Ghana bills and overnight deposits for liquidity management.
He added that the coin will be available in commercial banks within two weeks, with prices to be published on the Bank of Ghana’s platforms.
Source: Ghana/Starrfm.com.gh/103.5FM/Rosemond Akuorkor Adjetey