The Bank of Ghana (BoG) has adjusted the prices of its gold coins as the Ghanaian cedi continues to appreciate against the US dollar, offering an updated outlook on the nation’s strategic approach to stabilizing its currency.
Introduced as part of a broader initiative to curb dollar hoarding and absorb excess liquidity, the gold coin program also provides an alternative investment option for Ghanaians. The recent price adjustments highlight the impact of the cedi’s strengthened position on gold valuations.
Updated Gold Coin Prices as of May 29, 2025:
- Quarter-Ounce (0.25 oz): GH¢9,386.52 (previously GH¢9,365.08)
- Half-Ounce (0.50 oz): GH¢18,060.97 (previously GH¢18,018.53)
- One-Ounce (1.00 oz): GH¢35,451.88 (previously GH¢36,367.53)
The marginal decreases reflect the alignment of gold prices with the cedi’s performance against major foreign currencies. The central bank has reiterated that this initiative is vital in reducing reliance on the US dollar and fostering economic resilience.
The Strategy Behind Ghana Gold Coins
Launched as a part of the Bank of Ghana’s currency stabilization measures, the gold coin series comes in three denominations—quarter-ounce, half-ounce, and one-ounce. Beyond their monetary value, the coins are emblematic of national pride and serve as an innovative approach to diversifying individual and institutional investment portfolios.
Available for purchase through commercial banks, these coins continue to attract attention from investors seeking a hedge against inflation while contributing to the local economy’s liquidity management.
The Bank of Ghana remains optimistic that this initiative, coupled with other monetary policies, will further solidify the cedi’s position and foster confidence in the Ghanaian economy.
Story by : Mercy Addai Turkson #ahotoronline.com
