BoG Gold Coin hits market; priced between GH¢11,188 and GH¢45,020

The Bank of Ghana (BoG) has introduced the Ghana Gold Coin (GGC) as a new investment opportunity for the general public.

The coins, officially launched on November 26, 2024, aims to provide a secure and diversified option for individuals looking to expand their financial portfolios.

Additionally, the central bank has announced the pricing for the three available denominations, each linked to the London Bullion Market gold rate and the prevailing USD-GHS exchange rates:

• 1.00 oz: Priced at GH¢45,020.48

• 0.50 oz: Priced at GH¢22,409.74

• 0.25 oz: Priced at GH¢11,188.12

The coins can be purchased through authorised dealers and commercial banks across the country.

The BoG has also assured the public that the coins meet the highest purity standards and come with guarantees of authenticity.

The Ghana Gold Coin is designed not only as a store of value but also as an accessible means for the public to invest in gold—a globally trusted asset known for its stability during economic fluctuations. Its value is directly linked to international market standards, ensuring competitive pricing reflective of the global gold market.

The alignment with the London Bullion Market Association (LBMA) gold rate and the USD-GHS exchange rate positions the coin as a reliable instrument for wealth preservation.

The BoG believes that by introducing the Ghana Gold Coin, it aims to encourage a culture of investment while providing a hedge against inflation and currency depreciation.

Historically, gold has served as a safe haven for investors, particularly during times of economic uncertainty.

MA