The Bank of Ghana (BoG) has adjusted the prices of its gold coins, reflecting an upswing in global gold prices.
The coins, available in denominations of 0.25oz, 0.50oz, and 1oz, are now priced at GH₵ 11,248, GH₵ 21,623, and GH₵ 42,435, respectively. This represents a marginal increase from the prior week’s prices of GH₵ 11,216, GH₵ 21,563, and GH₵ 42,316.
The price adjustment follows a surge in gold prices on the London Bullion Market Association (LBMA), where the metal reached US$2,715 per ounce as of January 20, 2025. The rise reflects strong demand for gold, driven by heightened global economic uncertainties and its status as a safe-haven asset.
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The Ghana Gold Coin (GGC) initiative is part of the BoG’s domestic gold programme, aimed at providing an alternative investment avenue for the public while bolstering the Ghanaian Cedi.
By absorbing excess liquidity from the market, the initiative supports efforts to manage inflationary pressures and enhance financial stability..
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