BoG’s quarter-ounce gold coin selling at GH¢10,514 on May 23
The Bank of Ghana’s (BoG) gold coins continue to see a drop in its prices for its investment, following the appreciation of the Ghana cedi against the US dollar.
The central bank introduced the coin as a strategic measure to discourage the hoarding of the US dollar.
As of Friday, May 23, 2025, the bank reported the following updated prices:
– The 0.25 oz coin is now selling at GH¢10,514.85 down from GH¢10,754.69 on May 22, 2025.
– The 0.50 oz coin is priced at GH¢20,271.01 down from GH¢20,742.97.
– The 1.00 oz coin is selling for GH¢39,830.77 down from GH¢40,767.89.
According to the Central Bank, the initiative is designed to absorb excess liquidity in the market to help strengthen the Ghana cedi against major foreign currencies.
The Ghana gold coin is available in three denominations: one ounce, half-ounce, and quarter-ounce, and it is being sold through commercial banks.
— Bank of Ghana (@thebankofghana) May 23, 2025
SP/VPO
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