{"id":256282,"date":"2024-11-27T07:55:36","date_gmt":"2024-11-27T07:55:36","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/27\/bogs-gold-coin-launched-prices-range-from-gh%e2%82%b511k-to-gh%e2%82%b545k\/"},"modified":"2024-11-27T07:55:36","modified_gmt":"2024-11-27T07:55:36","slug":"bogs-gold-coin-launched-prices-range-from-gh%e2%82%b511k-to-gh%e2%82%b545k","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/27\/bogs-gold-coin-launched-prices-range-from-gh%e2%82%b511k-to-gh%e2%82%b545k\/","title":{"rendered":"BoG’s gold coin launched; prices range from GH\u20b511K to GH\u20b545K"},"content":{"rendered":"

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The Bank of Ghana (BoG) has officially introduced the Ghana Gold Coin (GGC) as a new financial instrument to diversify investment options for the public.<\/p>\n

As of November 26, 2024, the coins are available in three denominations: 1.00 oz, 0.50 oz, and 0.25 oz. Their prices are set at GH\u20b545,020.48, GH\u20b522,409.74, and GH\u20b511,188.12, respectively.<\/p>\n

The pricing is based on the previous day\u2019s London Bullion Market Association (LBMA) PM gold price, which stood at $2,635.40, and the Bloomberg USD to GHS exchange rate of 15.7500.<\/p>\n

The BoG aims to offer the public an innovative investment avenue while bolstering the country\u2019s financial instruments portfolio.<\/p>\n

As part of the domestic gold programme, this initiative seeks to absorb excess liquidity in the market and strengthen the local currency against major trading currencies.<\/p>\n

This strategic move aligns with the Bank of Ghana\u2019s efforts to stabilise the economy and promote investment in Ghana\u2019s gold reserve.<\/p>\n

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BoG launches Gold Coin to discourage hoarding of dollars<\/p>\n<\/blockquote>\n