The Bank of Ghana has announced new price reductions for its gold coins, reflecting the Ghanaian cedi’s continued appreciation against the US dollar. The gold coins, introduced as part of the central bank’s strategic measures to reduce reliance on foreign currencies and promote local currency stability, have become a significant tool in managing market liquidity.
Updated Prices as of May 28, 2025:
Quarter-Ounce Coin: Now selling at GH¢9,365.08, down from GH¢9,614.01.
Half-Ounce Coin: Priced at GH¢18,018.53, down from GH¢18,511.24.
One-Ounce Coin: Selling for GH¢35,367.53, reduced from GH¢36,348.27.
The steady decline in prices reflects the strengthening of the Ghanaian cedi, which has gained traction against the dollar, bolstered by the central bank’s liquidity absorption strategy.
Purpose of the Gold Coins
Launched as a hedge against inflation and a measure to discourage dollar hoarding, the Ghana Gold Coin initiative is part of the central bank’s broader efforts to stabilize the economy. By absorbing excess liquidity and providing an alternative investment avenue, the coins contribute to reducing foreign exchange pressures on the cedi.
Denominations and Accessibility
The Ghana Gold Coins are available in three denominations:
One-Ounce
Half-Ounce
Quarter-Ounce
They are distributed through participating commercial banks, making them accessible to investors and the general public seeking a stable and valuable asset.
As the Bank of Ghana continues to monitor the foreign exchange market and implement policies to strengthen the local currency, the gold coin initiative remains a cornerstone of its monetary strategy.
Story by: Mercy Addai Turkson #ahotoronline.com
