According to the BoG statement, GH₵47,307.11 is the cost of one ounce.
The Ghana gold coin allows the Bank of Ghana to absorb excess liquidity in the banking industry, according to Dr. Ernest Addison, the former governor who introduced the currency during a news conference in Accra on Friday, September 27.
He claimed that all commercial banks in the nation sell it in three different ounce alternatives for individuals to buy.
You will purchase bonds or treasury bills instead of money. Through the domestic gold purchasing program, we are providing you with the chance to purchase gold as well. We are currently attempting to introduce this, which we are calling the Ghana Gold Coin," he stated.
"Gold extracted from Ghana and processed to 99% purity is used to make the Ghanaian gold coin. The Bank of Ghana is the one that issues and guarantees it.
"It will be available in three different units," Dr. Addison continued. To accommodate various investment demands, there are three alternative coin sizes: one ounce, half an ounce, and a quarter ounce.
"The Ghana gold coin gives savers another way to invest and reaps the rewards of the BoG domestic gold purchase program. It also allows the Bank of Ghana to absorb excess liquidity in the banking sector and will complement the use of Bank of Ghana bills and overnight inflows for liquidity management."
"The Independence arch is on the back of each coin, and the Ghana Coat of Arms is on the front," he stated. stating that the goal of this project is to "provide additional investment opportunities for savers in order to deepen our financial markets."
You will purchase bonds or treasury bills instead of money. Through the domestic gold purchasing program, we are providing you with the chance to purchase gold as well. We are currently attempting to introduce this, which we are calling the Ghana Gold Coin," he stated.
"Gold extracted from Ghana and processed to 99% purity is used to make the Ghanaian gold coin. The Bank of Ghana is the one that issues and guarantees it.
"The Ghana gold coin gives savers another way to invest and reaps the rewards of the BoG domestic gold purchase program. It also allows the Bank of Ghana to absorb excess liquidity in the banking sector and will complement the use of Bank of Ghana bills and overnight inflows for liquidity management."
"The Independence arch is on the back of each coin, and the Ghana Coat of Arms is on the front," he stated. stating that the goal of this project is to "provide additional investment opportunities for savers in order to deepen our financial markets."