The Governor of the Bank of Ghana (BoG) Ernest Addison has unveiled the Ghana Gold Coin, with the goal of reducing dollar gathering by some individuals.
Governor Addison indicated the Ghana Gold is to enable the BoG to mop up extra liquidity from the banking sector and will it supplement the use of BoG bills.
Speaking at the Monetary Policy Committee (MPC) meeting on Friday, September 27, Dr. Ernest Addison, said, “The Ghana Gold Coin is manufactured from dowry gold dug out of Ghana which has been refined to 99.99 percent purity. It is issued and guaranteed by the BoG”.
The Ghana gold will be available in three different units. That is the one-ounce coin, the half-ounce coin and the quarter-ounce coin to suit different investment dates.
Meanwhile at the same event, the governor of the Bank of Ghana has stated the economy is doing very well.
