Bank of Ghana Lower Gold Coin Prices as Cedi Gains
The Bank of Ghana (BoG) announced on June 30, 2025, that its quarter-ounce gold coin is now selling for GH¢9,386.83, down from GH¢9,481.09 on June 26. The price drop, reported by GhanaWeb, follows the Ghana cedi’s strong performance against the US dollar, reducing the cost of the gold coins.
The BoG’s gold coins, launched in October 2024, aim to curb dollar hoarding and absorb extra cash in the market. The coins come in three sizes: one-ounce (GH¢35,451.88), half-ounce (GH¢18,060.97), and quarter-ounce. Prices have been falling since May, with the quarter-ounce coin dropping from GH¢10,866 on May 20.
Made from 99.99% pure Ghanaian gold, the coins feature the Ghana Coat of Arms and Independence Arch. They are sold through commercial banks with a wooden box, a transparent holder, and an ownership certificate. The BoG ensures the gold comes from responsible, traceable sources, aligning with its Gold Sourcing Framework.
The cedi’s 43% gain against major currencies in 2025, driven by strong gold exports and tight monetary policies, has lowered coin prices. The BoG’s reserves hit $11 billion by June, supporting the cedi’s stability. This makes the coins, requiring a minimum GH¢10,000 investment, more affordable for savers.
The gold coin program helps diversify investments and strengthens Ghana’s economy. With prices tied to the cedi’s value, the BoG expects continued interest from investors looking to hedge against economic shifts, while maintaining trust in the local currency.