\n
The Bank of Ghana (BoG) has launched its gold coin which\u00a0will be available on the market in the next two weeks.<\/p>\n
This is the first time the central bank is issuing gold coins as an alternative investment asset available to the general public.<\/p>\n
Governor of the BoG Dr Ernest Addison who launched the coin at a press conference in Accra on Friday, September 27 explained that the Ghana gold coin enables the Bank of Ghana to mop up extra liquidity in the banking sector<\/p>\n
Individuals, he said,\u00a0 can purchase it in three different ounce options at all commercial banks across the country.<\/p>\n
\u201dNow, if you don\u2019t buy dollars, you will buy treasury bills or bonds. We are giving you an opportunity from the domestic gold purchasing programme to also buy gold. \u00a0This is what we are trying to launch now and we call it Ghana gold coin,\u201d he said.<\/p>\n
\u201dThe Ghana gold coin is manufactured from gold dug out of Ghana which has been refined to 99% purity. \u00a0It is issued and guaranteed by the bank of Ghana.\u201d<\/p>\n
![\"\"](\"https:\/\/3news.com\/wp-content\/uploads\/2024\/09\/WhatsApp-Image-2024-09-27-at-11.53.33-AM-300x181.webp\")
<\/p>\n
Addison added \u201dIt will be available in three different units. That is the one-ounce coin, the half-ounce coin and the quarter ounce coin to suit different investment needs. The Ghana gold coin enables the bank of Ghana to mop up extra liquidity in the banking sector and will supplement the use of Bank of Ghana bills\u00a0 and\u00a0 overnight inflows for\u00a0 liquidity management, It gives savers\u00a0 an additional avenue to invest, rip the benefits of the BoG domestic gold purchase programme \u201d<\/p>\n
\u201cEach coin has the Ghana\u00a0 Coat of Arms in front\u00a0 and the Independence arch at the back ,\u201d he said. adding that this initiative is to \u201cdeepen our financial markets by offering other avenues for savers to invest \u201d<\/p>\n
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The Bank of Ghana (BoG) has launched its gold coin which\u00a0will be available on the market in the next two weeks. This is the first time the central bank is issuing gold coins as an alternative investment asset available to the general public. Governor of the BoG Dr Ernest Addison who launched the coin at […]<\/p>\n","protected":false},"author":1,"featured_media":221333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-221332","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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