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The Bank of Ghana (BoG) has launched its gold coin which will be available on the market in the next two weeks for purchase by investors.
This is the first time the central bank is issuing gold coins as an alternative investment asset available to the general public.
Governor of the BoG Dr Ernest Addison who launched the coin at a press conference in Accra on Friday, September 27 explained that the Ghana gold coin enables the Bank of Ghana to mop up extra liquidity in the banking sector
Individuals, he said, can purchase it in three different ounce options at all commercial banks across the country.
”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 Ghana gold coin,” he said.
