Customers intending to invest in the newly-launched Ghana Gold Coin (GCC) need a minimum saving of 10,000 Ghana cedis to do so, according to the Bank of Ghana.
Steve Opata, an advisor at the Bank of Ghana Governor said in an interview Monday, revealed that the GCC would be available through commercial banks.
The central bank launched the new gold coin, offering alternative investment options for domestic investors.
Central Bank Governor Ernest Addison, who launched the new coins during the 125 Monetary Policy Committee press briefing, stated that the initiative is part of the central bank’s unwavering commitment to deepen liquidity management in the financial market.
Addison added that the Ghana Gold Coin (GGC) also serves as a significant reminder of the country’s rich gold heritage.
“The GGC gives savers resident in Ghana an additional avenue to invest and reap the benefits from the Bank of Ghana’s domestic gold purchase program,” he stated.
Meanwhile, the central bank has emphasised that it would ensure that illegally mined gold is not used in producing the ggold coin.
“Gold used for the manufacture of the GGC is from traceable, responsibly mined
sources in Ghana in line with the BOG’s Responsible Gold Sourcing Framework,” the Bank said in an interrogative press release.
Bank of Ghana dded, “The GGC gives savers resident in Ghana an additional avenue to
invest and reap the benefits from the BOG’s domestic gold purchase program.
Gold can serve as a natural hedge during periods of economic turbulence. “
it said the issuance of the GGC broadens access to this enduring financial asset, enabling
investors to diversify their financial portfolios.