Ghana Gold Coin (GGC) Investors See Rise in Value as Gold Prices Fluctuate Globally

Ghanaians who invested in the Ghana Gold Coin (GGC) at its launch on November 26, 2024, have seen a rise in its value as gold prices fluctuate globally.

The Ghana Gold Coin (GGC), launched on November 26, 2024, has seen an appreciation in its cedi value, influenced by global gold prices and exchange rate movements.

A price comparison between the launch date and February 11, 2025, shows an increase in the coin's value.

The one-ounce coin now sells for GH₵46,671.17, up from GH₵45,020 at launch.

Similarly, the half-ounce and quarter-ounce coins have risen to GH₵23,748.65 and GH₵12,318, respectively, from their initial prices of GH₵22,409 and GH₵11,188.12.

This translates to an appreciation of over GH₵1,300 per ounce for investors who purchased the GGC at launch, thanks to the rising gold prices.

On November 24, 2024, the London Bullion Market Association (LBMA) PM gold price stood at $2,694.95, with the cedi-dollar exchange rate at 15.8.

However, by February 11, 2025, gold had surged to $2,874.65, while the cedi-dollar rate adjusted to 15.45.

The increase in gold prices has helped offset exchange rate fluctuations, making the GGC an attractive option for investors seeking to hedge against currency depreciation and tap into Ghana's rich gold reserves.

Meanwhile, the Mahama led administration has inaugurated a technical committee tasked with drafting a legal framework for the creation of the Ghana Gold Board (GoldBod).

This strategic move by the government is aimed at unlocking greater value from the gold sector and elevating Ghana's standing in the global market.