BoG Gold Coin Prices Decline Amid Falling Global Bullion Prices
The decline in global bullion prices has led to a decrease in the prices of the Bank of Ghana’s (BoG) gold coins.
As of February 28, 2025, data from the London Bullion Market Association (LBMA) places the price of gold at $2,880.80 per ounce, down from $2,932.50 per ounce recorded a few days ago.
At the prevailing exchange rate of $1 to GHS 15.50, the 1oz BoG Gold Coin is now valued at GHS 46,526.
Prices of smaller denominations have also adjusted accordingly, with the 0.5oz gold coin now priced at GHS 23,677 and the 0.25oz gold coin at GHS 12,284.
The Ghana Gold Coin (GGC) initiative serves as an alternative investment channel for the public while supporting the BoG’s domestic gold programme. It is designed to absorb excess market liquidity and enhance the stability of the Cedi.
Market analysts note that fluctuations in global gold prices will continue to influence the valuation of BoG’s gold coins, making them a dynamic investment option for individuals and institutions seeking exposure to the precious metal.
