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The Bank of Ghana (BoG) has highlighted the Ghana Gold Coin (GGC) as a valuable innovation in the country’s financial landscape, offering citizens and investors a reliable avenue for safeguarding wealth and diversifying portfolios.
Speaking at CNVERGE ’25, a leading African trade banking forum held on Wednesday, August 6, 2025, the First Deputy Governor of the BoG, Dr. Zakari Mumuni, explained that the GGC is a high-purity, investment-grade gold product tailored to meet the needs of both individual and institutional investors.
According to Dr. Mumuni, the GGC is not just a collectible item but a strategic financial instrument with multiple benefits. It acts as a store of value, helps investors hedge against inflation, offers an alternative asset class, and even serves as a monetary policy tool to help manage excess liquidity in the economy.
“The Ghana Gold Coin has broadened the options for wealth preservation and portfolio diversification, particularly during periods of market uncertainty,” Dr. Mumuni stated.
Dr. Mumuni also praised the Domestic Gold Purchase Programme (DGPP), describing it as instrumental in strengthening the nation’s financial resilience. Through this initiative, the central bank has been able to build stronger reserves, stabilize exchange rates, and moderate inflationary pressures.
Since the launch of the DGPP, the BoG has acquired 145.95 tonnes of gold as of June 2025. Of this, 86.77 tonnes have been sold to generate foreign exchange, significantly supporting the country’s reserve levels.
The First Deputy Governor emphasized that these gold-based measures have been crucial in maintaining a stable macroeconomic environment, a factor he noted as essential for economic planning, trade, and investment growth.
The introduction of the Ghana Gold Coin, coupled with the success of the Domestic Gold Purchase Programme, underscores Ghana’s forward-thinking approach to financial and economic management. By leveraging gold as both an investment asset and a monetary policy instrument, the Bank of Ghana is providing citizens with a dependable safeguard against economic uncertainty while reinforcing the country’s fiscal stability. As global markets continue to face volatility, such initiatives position Ghana as a leader in innovative wealth preservation and macroeconomic resilience in Africa.