The Bank of Ghana (BoG) has announced pricing guidelines for the Ghana Gold Coin (GGC), offering Ghanaians a secure and accessible gold investment option. The GGC, issued and guaranteed by the BoG, comes in three sizes: one ounce, half ounce, and quarter ounce.
Each coin features Ghana’s Coat of Arms on one side and the Independence Arch on the other. The coins are refined to 99.99% purity, providing investors with a valuable asset.
The coins’ specifications include:
• 1 oz Coin: GH₵45,020, with a dimension of 34mm.
• 1/2 oz Coin: GH₵22,409, with a dimension of 27mm.
• 1/4 oz Coin: GH₵11,188, with a dimension of 22mm.
Pricing is based on the previous day’s London Bullion Marketing Association (LBMA) Auction PM Price and the Bloomberg REGN Mid-Rate for the dollar-to-cedi exchange rate.
The BoG has designated commercial banks as the primary channel for buying and selling the GGC. Customers must transact using the cedi, and commercial banks will charge a uniform transaction fee to cover associated costs.
Dr. Ernest Addison, Governor of the Bank of Ghana, explained that the GGC initiative helps the central bank manage cedi liquidity and offers Ghanaians an opportunity to diversify their financial portfolios.
“The issuance of the GGC democratizes access to this enduring financial asset, enabling residents to diversify their financial portfolios,” he said.