The Bank of Ghana (BoG) has announced a decline in the prices of its gold coins, reflecting the recent appreciation of the Ghanaian cedi against the US dollar. This marks a strategic development in the central bank’s ongoing efforts to stabilize the local currency and manage market liquidity.
The gold coins, introduced as part of the BoG’s measures to curb the hoarding of US dollars and encourage investment in alternative assets, have seen significant price adjustments.
As of Friday, May 23, 2025, the updated prices for the Ghana Gold Coin are as follows:
Quarter-Ounce Coin: Selling at GH¢9,657.73, down from GH¢10,514.85.
Half-Ounce Coin: Priced at GH¢18,596.99, reduced from GH¢20,271.01.
One-Ounce Coin: Available for GH¢36,518.24, dropping from GH¢39,830.77.
These reductions underscore the cedi’s resilience, bolstered by the central bank’s monetary interventions. The initiative aims to absorb excess liquidity in the financial market, thus providing further support to the cedi in its battle against major foreign currencies.
The Ghana Gold Coin, available in three denominations—one ounce, half-ounce, and quarter-ounce—is distributed through commercial banks across the country.
This initiative reflects the Bank of Ghana’s commitment to promoting economic stability and fostering confidence in the local currency by offering gold as a viable investment alternative. Experts suggest that the falling prices may present an attractive opportunity for investors to acquire the coins at a more favourable rate, supporting both their financial goals and the nation’s currency stabilization agenda.
Story by: Mercy Addai Turkson #ahotoronline.com
