The Bank of Ghana (BoG) has officially presented the Ghana Gold Coin (GGC) as another monetary instrument to differentiate venture choices for people in general.
As of November 26, 2024, the coins are accessible in three sections: 1.00 oz, 0.50 oz, and 0.25 oz. Their costs are set at GH?45,020.48, GH?22,409.74, and GH?11,188.12, individually.
The estimating depends on the earlier day's London Bullion Market Association (LBMA) PM gold cost, which remained at $2,635.40, and the Bloomberg USD to GHS conversion scale of 15.7500.
The BoG intends to offer the public an imaginative speculation road while supporting the country's monetary instruments portfolio.
As a feature of the homegrown gold program, this drive looks to retain overabundance liquidity on the lookout and fortify the neighborhood cash against significant exchanging monetary forms.
This essential move lines up with the Bank of Ghana's endeavors to settle the economy and advance interest in Ghana's gold save.