Bank of Ghana to Relaunch Gold Coin Under “Cedi@60” to Boost Gold Ownership and Financial Inclusion
As part of the “Cedi@60” commemorative program, the Bank of Ghana (BoG) has announced plans to relaunch the Ghana Gold Coin. This initiative aims to broaden public access to gold ownership and promote financial inclusion across the country. BoG Governor made the announcement at the 125th Monetary Policy Committee press briefing, highlighting gold’s cultural and economic significance to Ghana as a leading global gold producer.
The Governor emphasized that the coin relaunch is intended to give every Ghanaian the opportunity to own a form of gold. The move seeks to democratize access to gold as a store of value and a symbol of national pride. He noted that despite strong interest in the coin during its initial launch, the relaunch will come back “stronger” under the Cedi@60 banner to ensure wider participation and impact.
The relaunch comes amid persistent global demand for gold and Ghana’s continued emphasis on gold for currency stabilization and reserves management. The Ghana Gold Coin was originally introduced to provide the public with a new investment option while diversifying the country’s financial instruments. It also supports efforts to manage liquidity and strengthen the Ghanaian Cedi.
Economists view the initiative as a low-risk savings alternative that can encourage household saving habits while supporting the development of a domestic gold market. By offering a tangible, trusted financial product, the BoG is looking to foster a savings culture and reduce reliance on volatile currency-based assets, particularly for informal and rural households.
The broader Cedi@60 program includes educational campaigns, exhibitions, and policy forums that showcase the evolution of Ghana’s currency and its impact on national development. Through this initiative, the BoG hopes not only to celebrate a financial milestone but also to engage citizens in the country’s economic journey and enhance confidence in local financial instruments.
Source: Citi newsroom