Ghana Central Bank launches gold coins

Accra, Sept. 27, 2024 – The Bank of Ghana has launched gold coins to mop up extra liquidity in the banking sector.

They are also to serve as alternative investment assets.

This is the first time the central bank is launching such an initiative.

Dr Ernest Addison, the Governor of Bank of Ghana, said the coins would be available in the market in the next two weeks.

He told the media at the launch of the coins in Accra on Friday that the gold coins could be purchased in three different ounces and would be made available in all commercial banks across the country.

The coins come in one-ounce coins, the half-ounce coins and the quarter-ounce coins.

He said the initiative is to allow Ghanaians to participate in the domestic gold purchasing programme.

“We call it Ghana gold coin,” he said. Ernest Addison disclosed that the Ghana gold coin is made from gold dore dug in Ghana and refined to 99 per cent purity.

He said the gold coins would be issued and guaranteed by the Bank of Ghana.   (YEN)