Gold Coin Prices Edge Higher Amid Strong Dollar and Firm Bullion Market
The Bank of Ghana on Friday, September 19, 2025, set the price of its one-ounce gold coin at GH₵46,325.08, reflecting movements in both the international bullion market and the local currency.
Half-ounce and quarter-ounce coins were priced at GH₵23,527.61 and GH₵12,153.85 respectively, according to the central bank.
The pricing was based on the London Bullion Market Association’s (LBMA) rate of $3,643.70 per ounce, combined with Bloomberg’s USD/GHS exchange rate of 12.25 from the previous day’s close.
The move comes as gold prices remain elevated globally, supported by investor demand for safe-haven assets amid concerns over slowing global growth and persistent geopolitical risks.
In Ghana, the local currency’s relative weakness against the dollar has amplified the cedi value of the precious metal, lifting domestic gold coin pricing.
Analysts note that the Bank of Ghana’s gold coin programme, launched as part of broader efforts to deepen the local gold market and bolster foreign reserves, has grown in prominence as retail and institutional investors alike seek refuge from currency volatility and inflationary pressures.
