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BoG Gold Coin Prices Rise in Line With Stronger Global Bullion Market

1 month ago
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BoG Gold Coin Prices Rise in Line With Stronger Global Bullion Market

The Bank of Ghana has adjusted the official prices of its gold coins upwards, reflecting gains in global bullion markets and a marginally weaker cedi against the dollar.

According to the central bank’s pricing notice for Friday, October 3, 2025, the one-ounce gold coin was quoted at GH₵50,376.94, while the half-ounce and quarter-ounce coins were priced at GH₵25,558.08 and GH₵13,174.22, respectively.

The revised pricing was based on the previous day’s London Bullion Market Association (LBMA) PM gold price of $3,878.10 per ounce and a Bloomberg reference exchange rate of GH₵12.55 to the US dollar.

Gold prices have been buoyed in recent weeks by expectations of prolonged monetary easing by major central banks and heightened geopolitical tensions, which have boosted demand for safe-haven assets.

The cedi, meanwhile, has seen mild depreciation pressures amid sustained domestic demand for foreign exchange. Analysts note that the local currency’s movements remain a key determinant of domestic gold coin pricing.

The Bank of Ghana introduced the gold coin programme to promote investment in the country’s gold assets and support efforts to deepen the domestic precious metals market.

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