Ghana Central Bank launches new gold coin to boost savings and manage liquidity

Ghana has introduced a new gold coin to help manage money-market liquidity while encouraging domestic savings. The initiative, announced by Governor of the Bank of Ghana, Ernest Addison, marks a significant step in utilizing the country’s gold resources to enhance financial stability.

Speaking at the launch event in Accra, Governor Addison emphasized that the coin is made from gold mined in Ghana, Africa’s largest producer of the metal. The coin is refined to 99.99% purity and comes in three sizes: one ounce, half-ounce, and quarter-ounce. Issued and guaranteed by the central bank, the gold coin is designed to strengthen savings and investment opportunities for Ghanaians.

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“This gold coin is an important tool to support liquidity management in the money market while also offering a valuable investment option for citizens,” Addison said. The Bank of Ghana aims to increase financial resilience and further diversify the range of savings instruments available to the public.