Ghana: BoG launches gold coins to enhance stability of Cedi – cuts policy rate by 200 basis points

 The Bank of Ghana (BoG) has launched the Ghana Gold Coin (GGC) as part of measures to mop up excess liquidity in the banking sector in order to enhance the stability of the Cedi.

The product under the BoG domestic gold purchase pro­gramme, is also to deepen the country’s financial market and provide more investment options for the citizens.

It is also meant to offer Gha­naians alternative form of invest­ment from dollars and bonds to promote the stability of the…