The Bank of Ghana’s (BoG) gold coin prices have dropped further as the Ghanaian cedi shows signs of recovery against the US dollar. This development aligns with the central bank’s strategic initiative to discourage dollar hoarding and enhance the stability of the local currency.
As of Friday, May 23, 2025, the BoG released updated prices for its gold coins, highlighting a consistent decline:
Quarter-Ounce (0.25 oz) Coin: Now selling at GH¢10,514.85, down from GH¢10,754.69 on May 22, 2025.
Half-Ounce (0.50 oz) Coin: Priced at GH¢20,271.01, reduced from GH¢20,742.97.
One-Ounce (1.00 oz) Coin: Selling for GH¢39,830.77, compared to GH¢40,767.89.
The BoG stated that the initiative, launched to counter excessive demand for foreign currencies, continues to play a vital role in absorbing surplus liquidity in the market. By offering the Ghana Gold Coin in three denominations—One-Ounce, Half-Ounce, and Quarter-Ounce—the central bank provides Ghanaians with a stable and reliable investment option while supporting the cedi’s strengthening trajectory.
These coins are sold exclusively through participating commercial banks, making them accessible to a broad spectrum of investors seeking to diversify their portfolios.
Financial analysts have lauded the initiative as a strategic tool for monetary policy, emphasizing its dual role in promoting financial stability and offering Ghanaians a hedge against inflation. As the cedi strengthens, market participants are optimistic about further economic stabilization under the Bank of Ghana’s measures.
The central bank remains committed to its mandate of fostering a resilient economy and continues to monitor market dynamics to adjust its strategies accordingly.
Story by: Mercy Addai Turkson #ahotoronline.com
