Thursday, December 12, 2024

Tag: Ghana Launches Gold Coin to Boost Savings

Ghana Launches Gold Coin to Boost Savings, Soak Up Excess Liquidity

by Mike Maharrey, Gold Seek:

Ghana has introduced a gold coin in an effort to boost savings and manage money-market liquidity.

According to Bank of Ghana Governor Ernest Addison, the coin will be refined to 99.99 percent purity and will come in 1-ounce, half-ounce, and quarter-ounce sizes.

This initiative is a testament to our unwavering commitment to deepen financial markets by offering other avenues for savers to invest. It also serves as a significant reminder of our nation’s rich gold heritage,”  Addison said when he introduced the coin.