The introduction of gold coin is to discourage the hoarding of dollars
The Bank of Ghana‘s gold coin has seen a consistent drop in its prices for its investment following the appreciation of the cedi against the dollar.
The Central Bank introduced the coin as a strategic measure to discourage the hoarding of the US dollar.
As of Wednesday, May 14, 2025, the Bank reported the following updated prices:
– The 0.25 oz coin is now selling at GH¢11,134.38, down from GH¢11,959.46 on May 12.
– The 0.50 oz coin is priced at GH¢21,478.39, down from GH¢23,108.02
– The 1.00 oz coin is selling for GH¢42,217.56, down from GH¢45,458.69
According to the Central Bank, the initiative is designed to absorb excess liquidity in the market and help strengthen the Ghanaian cedi against major foreign currencies.
The Ghana Gold Coin is available in three denominations: one ounce, half-ounce, and quarter-ounce, and is being sold through commercial banks.
— Bank of Ghana (@thebankofghana) May 14, 2025
SP/AE
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