The Bank of Ghana (BoG) has announced a slight price increase for its gold coins, reflecting the recent surge in global gold prices.
The Bank of Ghana (BoG) has announced a slight price increase for its gold coins, reflecting the recent surge in global gold prices.
The coins, available in denominations of 0.25oz, 0.50oz, and 1oz, are now priced at GHS 11,248, GHS 21,623, and GHS 42,435, respectively.
This adjustment comes as gold prices on the London Bullion Market Association (LBMA) reached $2,715 per ounce on January 20, 2025, driven by strong demand amidst global economic uncertainties.
The BoG’s Ghana Gold Coin (GGC) initiative, launched as part of its domestic gold program, aims to provide Ghanaians with an alternative investment avenue while also addressing economic challenges.
By absorbing excess market liquidity, the program seeks to strengthen the Ghanaian Cedi and stabilize the local currency.
The central bank encourages investors to stay informed about gold price fluctuations and exchange rate movements, as these factors directly impact the value of the gold coins.
The GGC initiative presents a unique opportunity for individuals to diversify their investment portfolios and participate in the gold market, contributing to both personal financial goals and the nation’s economic stability.
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