The First Deputy Governor of the Bank of Ghana (BoG), Dr Zakari Mumuni, has explained the decision to introduce the Ghana Gold Coin (GGC) as an alternative investment tool.

According to him, the coin is a high-purity, investment-grade gold product designed to serve as a store of value, act as a hedge against inflation, provide an alternative investment asset class, and serve as a monetary policy tool to manage excess liquidity.

He made these remarks during CNVERGE ’25, Africa’s premier trade banking thought-leadership event on Wednesday, August 6, 2025.

“Overall, the GGC has opened new avenues for wealth preservation and portfolio diversification for the populace, especially in times of market uncertainty,” Dr Mumuni stated.

He also lauded the Domestic Gold Purchase Programme (DGPP), noting its positive impact on the bank’s reserves through strong reserve accumulation, exchange rate stability, and easing inflation.

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“All these developments have contributed to a stable macroeconomic environment, which is of critical interest to your work,” he said.

Dr Mumuni revealed that since the inception of the DGPP, the central bank had purchased 145.95 tonnes of gold as of June 2025, of which 86.77 tonnes had been sold for foreign exchange to bolster reserves.

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