The Bank of Ghana (BoG) has released the official pricing for the Ghana Gold Coin for Tuesday, February 4, 2025. According to the latest update, one ounce of the Ghana Gold Coin is priced at GH₵45,210.37.
The Ghana Gold Coin was introduced as part of the central bank’s Domestic Gold Purchasing Programme, providing Ghanaians with a secure and viable alternative investment. The initiative, first launched by former BoG Governor Dr. Ernest Addison at a press conference in Accra on September 27, seeks to strengthen the financial market by encouraging gold investments while managing liquidity in the banking sector.
Speaking at the launch, Dr. Addison explained that the Ghana Gold Coin offers individuals an alternative to traditional investments such as foreign currency, treasury bills, and bonds.
“Now, if you don’t buy dollars, you will buy treasury bills or bonds. 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,” he stated.
The Ghana Gold Coin is crafted from locally mined gold refined to 99% purity and is officially issued and guaranteed by the Bank of Ghana. It is available in three denominations—one ounce, half an ounce, and a quarter ounce—allowing investors to choose according to their financial capacity.
Dr. Addison emphasized that the initiative will enhance Ghana’s financial sector by offering an additional avenue for saving and investment. “The Ghana Gold Coin supplements the use of BoG bills and overnight inflows for liquidity management. It gives savers an additional opportunity to benefit from the Domestic Gold Purchase Programme,” he noted.
Each coin is uniquely designed, bearing the Ghana Coat of Arms on the front and the Independence Arch on the reverse, reflecting national pride and economic resilience. The coins are available for purchase at all commercial banks across the country.
This initiative forms part of Ghana’s broader strategy to leverage its gold reserves for economic growth while promoting local gold investments as a sustainable financial instrument.
Source :3News.com
