Bank of Ghana Sets Gold Coin at GHS 44,992 Amid Strong Bullion Prices
The Bank of Ghana on Monday priced its 1-ounce gold coin at GHS 44,992.73, reflecting continued resilience in bullion markets and a weaker cedi against the dollar.
According to the central bank’s pricing notice, the half-ounce coin was set at GHS 22,858.41, while the quarter-ounce coin was quoted at GHS 11,815.83. The benchmarks were derived from the London Bullion Market Association’s previous close of $3,594.55 per ounce and Bloomberg’s USD/GHS exchange rate of $1/GHS 12.05.
The pricing underscores how global precious metals trends and domestic currency volatility are shaping Ghana’s gold coin initiative, launched to deepen the nation’s financial market instruments while promoting a savings culture anchored on the country’s mineral wealth.
Gold has risen steadily in recent months, buoyed by investor demand for safe-haven assets amid global macroeconomic uncertainty. The cedi, meanwhile, continues to face pressure from increased demand for the US dollar by businesses.
