{"id":222489,"date":"2024-10-01T07:14:34","date_gmt":"2024-10-01T07:14:34","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/01\/you-must-have-savings-of-gh%e2%82%b510000-bog-reveals-minimum-price\/"},"modified":"2024-10-01T07:14:34","modified_gmt":"2024-10-01T07:14:34","slug":"you-must-have-savings-of-gh%e2%82%b510000-bog-reveals-minimum-price","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/01\/you-must-have-savings-of-gh%e2%82%b510000-bog-reveals-minimum-price\/","title":{"rendered":"You must have savings of GH\u20b510,000 \u2013 BoG reveals minimum price"},"content":{"rendered":"

<\/p>\n

\n

\"The The Bank of Ghana issued gold coin is set to be available for purchase in about two weeks<\/span><\/span><\/p>\n<\/div>\n

\n

An advisor to the Governor of the Bank of Ghana on Financial Markets, Dr. Stephen Opata, has asked persons interested in investing in Ghana\u2019s Gold Coins to ready a minimum of \u20b510,000.<\/p>\n

According to the advisor, the coins set to be available to the public through the commercial banks are expected to trade from around \u20b510,000.<\/p>\n

\u201cSo initially, obviously if you want to buy the quarter-ounce coin, you must have savings of \u20b510,000 minimum; you must have that. So if you don\u2019t have that, then you would not be able to do that (invest),\u201d he stated during an appearance on Metro TV\u2019s Bottomline program on Monday, September 30, 2024.<\/p>\n

The Bank of Ghana (BoG) last week announced the introduction of the Ghana Gold Coin as part of efforts to provide alternative investment options for Ghanaians.<\/p>\n

The coins, scheduled to be available in different sizes, form part of the central bank’s Responsible Gold Sourcing Policy Framework.<\/p>\n

According to Dr. Opata, the central bank aims to increase inclusivity along the way with the introduction of the coins.<\/p>\n

\u201cLike I said, if we are able to tokenize this, that\u2019s the next stage that will become very interesting, then we will have more inclusion. So the next stage is going to be interesting. We want to go into this project in phases, and as we gauge the success and roll this out, we will see that more people will be included. We will even get to the point where Ghanaians should be able to buy this using their mobile money account,\u201d he stated.<\/p>\n

According to the Governor of the Bank of Ghana, Dr. Ernest Addison, the ‘Ghana Gold Coin,’ manufactured from dory gold, has been refined to 99.99% purity, issued, and guaranteed by the central bank.<\/p>\n

The BoG Governor, speaking at a press conference last week, mentioned that the introduction of the gold coins is expected to help ease pressure on the local currency while serving as an investment option for individuals who often purchase dollars and hoard them.<\/p>\n