The Bank of Ghana (BoG) is set to relaunch its gold coin initiative as part of the “Cedi@60” commemorative programme, in a move to deepen financial inclusion and encourage domestic gold ownership among Ghanaians.
Speaking at the 125th Monetary Policy Committee (MPC) press briefing on Wednesday, July 30, Governor Dr. Ernest Addison said the relaunch reflects the central bank’s renewed commitment to democratise access to gold, particularly in a country globally recognised for its gold wealth.
“Even though there is a lot of interest in the Gold Coin, we need to relaunch it as part of the Cedi@60 programmes. We are coming back stronger on that programme. Every Ghanaian should be able to buy some form of gold, and that is exactly what this program intends to achieve.” Dr. Addison said.
The gold coin, initially introduced as part of the BoG’s Domestic Gold Purchase Programme (DGPP), was created to provide the public with a secure, alternative investment option while supporting macroeconomic stability through reserve accumulation and currency support.
As Ghana marks 60 years of its national currency, the central bank sees an opportunity to not only celebrate monetary sovereignty but also strengthen public engagement with alternative financial instruments.
The relaunch of the gold coin is aimed at promoting savings in a stable, low-risk asset while creating a sense of national pride and ownership in Ghana’s mineral wealth. It also forms part of broader efforts to absorb excess liquidity from the system and mitigate exchange rate volatility.
With global gold prices remaining elevated and domestic demand growing, the BoG believes the initiative will stimulate retail investment and help build a robust local gold market.
Financial analysts say the programme could emerge as a key pillar in Ghana’s drive toward inclusive investment and long-term household savings.
Public Engagement and Education
The “Cedi@60” celebrations will also feature a series of public education campaigns, exhibitions, and policy forums tracing the evolution of Ghana’s currency and financial architecture.
“This is about empowerment. Every Ghanaian should have the chance to own gold not just as jewellery, but as a financial asset that can grow in value over time,” the Bank of Ghana Governor said.
