The Ghana Gold Coin (GGC), a new financial instrument designed to diversify investment alternatives for the general people, has been formally presented by the Bank of Ghana (BoG).Travel packages
The coins come in three different values as of November 26, 2024: 1.00 oz, 0.50 oz, and 0.25 oz. GH₵45,020.48, GH₵22,409.74, and GH₵11,188.12 are their respective pricing.
The pricing is determined by the Bloomberg USD to GHS exchange rate of 15.7500 and the London Bullion Market Association (LBMA) PM gold price of $2,635.40 from the previous day.
The BoG wants to strengthen the nation’s portfolio of financial instruments while providing the general people with a cutting-edge investment option.
This program aims to strengthen the local currency relative to major trading currencies and absorb surplus market liquidity as part of the domestic gold program.
The Bank of Ghana’s initiatives to stabilize the economy and encourage investment in Ghana’s gold reserve are in line with this calculated strategy.
