Bank of Ghana’s Gold Coin Prices Rise as Gold Hits $2,715 per Ounce on LBMA
The Bank of Ghana’s (BoG) gold coins, available in three denominations—0.25oz, 0.50oz, and 1oz—have experienced a marginal price increase, reflecting global gold price trends.
Currently, the coins are priced at GHS 11,248, GHS 21,623, and GHS 42,435, respectively, based on an exchange rate of $1 to GHS 14.95. This marks a slight rise from the previous week’s prices of GHS 11,216, GHS 21,563, and GHS 42,316.
Global Gold Prices Surge
The price of gold on the London Bullion Market Association (LBMA) stood at $2,715 per ounce as of January 20, 2025, indicating robust demand for the precious metal amidst global economic uncertainties.
A New Investment Avenue for Ghanaians
The Ghana Gold Coin (GGC) initiative offers the public an alternative investment channel. It is part of the BoG’s domestic gold programme aimed at absorbing excess market liquidity and strengthening the Ghanaian Cedi amid ongoing economic pressures.
This programme underscores the BoG’s efforts to stabilize the local currency while providing investment opportunities.
Investors are urged to monitor the performance of gold and the exchange rate, as these factors significantly influence the value of the BoG’s gold coins.
