Ghana has launched a new gold coin to help it manage money-market liquidity, while boosting domestic savings. The coin, made from gold mined in Africa’s biggest producer of the metal, has been refined to 99.

The Bank of Ghana (BoG) has launched the Ghana Gold Coin (GGC) to create alternate investment for Ghanaians. The GGC is a coin manufactured from dore gold that has been refined to 99.99% purity, which gives the coin the original gold colour. Each coin has the Ghana Coat of Arms in front and the Independence Arch at the back.

As part of efforts to provide alternative investment options to Ghanaians, the Bank of Ghana has launched the ‘Ghana Gold Coin’.

The Bank of Ghana has issued gold coins as an alternative investment asset available to the general public to mop up extra liquidity in the banking sector.

Ghana's central bank on Friday slashed its main interest rate by 200 basis points to 27%, its first rate cut since January, as inflation continues to ease while economic recovery remains robust according to the governor.