GOLD • NGLD
Absa NewGold ETF
Absa Investments (South Africa) • Johannesburg Stock Exchange (JSE) + Ghana Stock Exchange (GSE)
OverviewAbsa NewGold ETF
Risk: Medium
Physically-backed commodity ETF
GHS
The Absa NewGold ETF is Ghana's most accessible commodity ETF. Each unit represents 1/100th of a troy ounce of physical gold stored at the Rand Refinery in South Africa. It trades on both the JSE and the GSE, making it straightforward for Ghanaian investors to buy through a licensed stockbroker.
BackingWhat Does This ETF Hold?
Each unit represents 1/100th of a troy ounce of gold stored at Rand Refinery, South Africa. The ETF is physically backed — no counterparty risk from derivatives.
Why InvestKey Benefits
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Hedge against Ghana Cedi (GHS) depreciation — gold is priced in USD.
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Store of value: gold has preserved purchasing power over centuries.
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No income distributions — all value is locked in the unit price (capital appreciation only).
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Low management cost at 0.40% TER compared to actively managed funds.
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Listed on the GSE: no foreign brokerage account required.
How to InvestStep-by-Step Guide
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1
Open a CSD (Central Securities Depository) account via any GSE-licensed dealing member. You will need your Ghana Card and proof of address.
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2
Fund your brokerage account with the amount you wish to invest (minimum: 1 unit).
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3
Place a buy order for NGLD (the GSE ticker for NewGold) through your stockbroker.
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4
Units are credited to your CSD account on T+3 settlement.
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5
Monitor your holding on the JSE website or through your broker.
Risk FactorsKey Risks to Consider
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Gold price volatility: gold can fall significantly in USD terms during periods of USD strength.
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Currency risk (partial): while GHS-denominated price benefits when the cedi falls, Ghanaian inflation may erode real returns.
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No income: NewGold pays no dividends. Return is purely from price appreciation.
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Disclaimer: All data on this page is indicative and for educational purposes only. NAV, AUM and return figures are not real-time and may be outdated. This is not financial advice. Past performance does not guarantee future results. Always verify current data with the ETF manager or your broker before investing. InvestGH is not regulated by SEC Ghana or the Bank of Ghana.