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.

An advisor at the Bank of Ghana, Dr Steve Opata, has advised persons interested in investing in Ghana's Gold Coins to ready a minimum of GH¢10,000.

Dr. Ernest Addison, has launched the ‘Ghana Gold Coin’ to stabilise the economy and promote investment in Ghana’s gold reserve. Speaking atRead

Ghana's central bank lowered its main interest rate by 200 basis points to 27% from 29% on Friday, its first rate cut since January, after inflation fell for the fifth consecutive month in August.

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.