The Advisor to the Governor of Bank of Ghana on Financial Markets Dr. Stephen Opata has said there is no need for customers to buy extra dollars to hoard, buying gold coins is also resilient.
Speaking in an interview with Metro TV, the Advisor stated that they believe Ghanaians must be able to invest in various asset choices.
He said, “Having gold as an investment plus at this time is a good one, previously people were holding local currency bonds, some invested in Eurobonds, the case we are making here is that why not hold some gold, bear in mind one ounce of gold at today prices almost about $2600. If you use the appropriate exchange rate you are looking at something like we can do the calculations.”
“So, if you have extra savings there is no need to buy dollars to hoard, buy gold because it is also a resilient investment portfolio to have”. He reiterated confidently.
The Advisor added that there has been a lot of interest in the gold coins with banks calling in wanting to know the processes involved.
The Governor of the Bank of Ghana (BoG) Ernest Addison unveiled the Ghana Gold Coin indicating the Ghana Gold is to enable the BoG to mop up extra liquidity from the banking sector and will supplement the use of BoG bills.
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There is no need to buy extra dollars to hoard, buy gold because it is also a resilient portfolio to have ~ Dr Stephen Opata, Advisor to the Governor on Financial Markets
#MetroTVGhana #Bottonline pic.twitter.com/I7ntvlmUcc— Metro TV Ghana (@metrotvgh) October 7, 2024
