Bank of Ghana (BoG) Publishes Ghana Gold Coin Pricing for Monday 10 , 2025

The Bank of Ghana (BoG) has published the Ghana Gold Coin Pricing for Monday 10 , 2025. Per the BoG publication, the price for one ounce is GH₵47,307.11 .

The Bank of Ghana (BoG) has disclosed the pricing for the Ghana Gold Coin as of Monday, 10 October 2023. According to the bank's publication, one ounce of the gold coin is going for GH₵47,307.11.

Earlier this year, the central bank launched the gold coin as a new investment asset accessible to the public. The coin is manufactured from gold mined in Ghana and refined to 99% purity. It is issued and guaranteed by the BoG.

The Ghana gold coin is an alternative investment asset available to the general public. It is designed to provide a hedge against inflation and currency depreciation.

The gold coin is available in three different units: one-ounce coin, half-ounce coin, and quarter-ounce coin, to cater to various investment needs. Each coin features the Ghana Coat of Arms on the front and the Independence arch at the back.

The initiative is part of the BoG's broader effort to deepen the country's financial markets by offering additional options for savings and investment.

The BoG has been actively intervening in the foreign exchange market to stabilize the cedi. However, the bank has stated that it will not engage in a currency devaluation policy.

The cedi has depreciated sharply this year, hitting a record low of over 16 to the dollar in October, from around 10 to the dollar at the beginning of the year. The depreciation has been driven by a number of factors, including the global economic downturn, the war in Ukraine, and high inflation in the U.S. and other major economies.

The BoG's efforts to stabilize the cedi have included selling foreign currency to commercial banks and setting a daily mid-rate for the dollar-cedi exchange. The bank has also been mopping up excess liquidity from the banking sector to reduce pressure on the cedi.

In addition to its foreign exchange operations, the BoG has also been raising interest rates to curb inflation. The monetary policy rate is currently at 14 percent.

The BoG is committed to maintaining macroeconomic stability and fostering sustainable economic growth in Ghana. The bank's actions are guided by its mandate to promote monetary stability, ensure sound financial institutions, and provide economic advice to the government.output: The Bank of Ghana (BoG) has published the Ghana Gold Coin Pricing for Monday, 10 October 2023.

According to the bank's publication, the price for one ounce of the gold coin is going for GH₵47,307.11.

Earlier this year, the central bank launched the gold coin as an alternative investment asset available to the general public. The coin is manufactured from gold mined in Ghana and refined to 99% purity. It is issued and guaranteed by the BoG.

The Ghana gold coin is an alternative investment asset available to the general public. It is designed to provide a hedge against inflation and currency depreciation.

The gold coin is available in three different units: one-ounce coin, half-ounce coin, and quarter-ounce coin, to cater to various investment needs. Each coin features the Ghana Coat of Arms on the front and the Independence arch at the back.

This initiative is part of the BoG's broader effort to deepen the country's financial markets by offering additional options for savers and investment.

The BoG has been actively intervening in the foreign exchange market to stabilize the cedi. However, the bank has stated that it will not engage in a currency devaluation policy.

The cedi has depreciated sharply this year, hitting a record low of over 16 to the dollar in October, compared to around 10 to the dollar at the beginning of the year. The depreciation has been driven by several factors, including the global economic downturn, the war in Ukraine, and high inflation in the U.S. and other major economies.

The BoG's efforts to stabilize the cedi have included selling foreign currency to commercial banks and setting a daily mid-rate for the dollar-cedi exchange. The bank has also been mopping up excess liquidity from the banking sector to reduce pressure on the cedi.

Besides its foreign exchange operations, the BoG has been raising interest rates to curb inflation. The monetary policy rate is currently at 14 percent.

The BoG is committed to maintaining macroeconomic stability and fostering sustainable economic growth in Ghana. Its actions are guided by its mandate to promote monetary stability, ensure sound financial institutions, and provide economic advice to the government.