The Bank of Ghana (BoG) has officially launched the Ghana Gold Coin (GGC) as a new financial instrument to diversify the public’s investment options.

The coins were made available on November 26, 2024, in three denominations: 0.25 oz, 0.50 oz and 1.00 oz.

Their prices are set at GH₵11,188.12, GH₵22,409.74 and GH₵45,020.48 respectively.

According to the Central Bank, these prices were based on the previous day’s London Bullion Market Association (LBMA) PM gold price, which was set at $2,635.40, and the Bloomberg USD to GHS exchange rate of 15.7500.

The BoG said its introduction of gold coins offers the public an alternative and innovative investment avenue while supporting the country’s financial instrument portfolio.

It added that the initiative is geared towards absorbing excess liquidity in the Ghanaian market and boosting the local unit's strength against the world's strongest currencies.

The Bank of Ghana noted that the move aligns with its efforts to stabilise the economy and promote investment in Ghana’s gold reserve.