Rising Bullion Price Drives Up Cost of BoG’s Gold Coins
The continuous surge in global bullion prices, coupled with the marginal depreciation of the Cedi, has led to an increase in the prices of the Bank of Ghana’s (BoG) gold coins.
As of February 21, 2025, data from the London Bullion Market Association (LBMA) places the price of gold at $2,932.05 per ounce.
At the prevailing exchange rate of $1 to GHS 15.50, the 1oz BoG Gold Coin is now valued at GHS 47,321.
The prices of the smaller denominations have also increased accordingly – the 0.5oz gold coin valued at GHS 24,074 and the 0.25oz gold coin valued at GHS 12,483.
The Ghana Gold Coin (GGC) initiative serves as an alternative investment channel for the public while supporting the BoG’s domestic gold programme.
The initiative is designed to absorb excess market liquidity and enhance the stability of the Cedi.
