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Wealth for all or just the elite: Is Ghana’s gold coin a hedge against inflation or an exclusive investment?

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The Bank of Ghana’s decision to introduce a gold coin has sparked conversations across the nation. Seen by some as a smart move to protect against inflation, others view it as a tool that might benefit only thewealthy. The question remains: Will this new gold coin empower all Ghanaians, or is it just an exclusive investment for the elite? On September 27, 2024, the Bank of Ghana launched the Ghana Gold Coin (GGC), marking a significantmilestone in the nation’s financial landscape. During the launch, Dr. Ernest Addison, Governor of the Bank of Ghana, described the GGC as a proactive measure...
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