The Bank of Ghana has just announced the launch of the Ghana Gold Coin under their Gold Purchase Programme, and it’s set to hit the market in just two weeks. If you’re looking for fresh investment options beyond the usual treasury bills and bonds, or even thinking twice about holding onto those dollars, this could be just the thing for you!
At the Monetary Policy Committee (MPC) presser on Friday, September 27, Governor Dr. Ernest Addison broke the news, introducing the gold coin initiative. And guess what? These coins come in three different sizes, including half-ounce and quarter-ounce coins. Yep, they’re tailoring it to suit all sorts of investment budgets. No more feeling like gold investments are out of reach!
So, what’s the big idea? Well, with the Ghana Gold Coin, the Bank of Ghana hopes to take a bit of pressure off the cedi. We’ve all seen people rushing to buy dollars as a store of value, but now, instead of hoarding foreign currency, there’s a chance to grab some local gold, straight from Ghana’s own gold mines.
This isn’t just any gold, folks. It’s dory gold dug right here in Ghana, and refined to a whopping 99% purity. And the best part? You can pick up these shiny new coins at any commercial bank across the country.
Dr. Addison made it clear: “We are giving you an opportunity from the domestic gold purchasing programme to also buy gold. This is what we are trying to launch now and we call it the Ghana gold coin.” It’s official, and it’s coming soon.
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So, whether you’re looking to switch up your investment game or simply want a piece of Ghanaian gold history, keep an eye out for the Ghana Gold Coin. Looks like gold isn’t just for the rich anymore—it’s for anyone looking to secure their future with a little sparkle!