BoG Gold Coin

The prices of the Bank of Ghana’s gold coins declined marginally last week, reflecting the appreciation of the cedi. The coins, available in 1oz, 0.5oz, and 0.25oz denominations, were priced at GHS 41,206, GHS 21,004, and GHS 10,933, down slightly from the previous week’s GHS 41,305, GHS 21,057, and GHS 10,964. The decline followed a week-on-week cedi appreciation from GHS 14.90 to $1 to GHS 14.67 to $1. Prices are tied to the previous day’s London Bullion Market Association (LBMA) PM gold price, which was $2,684.35 as of December 13, 2024. Part of the central bank’s domestic gold program, the…

The Bank of Ghana (BoG) has officially introduced the Ghana Gold Coin (GGC) as a new financial instrument to diversify investment options for the public. As of November 26, 2024, the coins are available in three denominations: 1.00 oz, 0.50 oz, and 0.25 oz. Their prices are set at GH₵45,020.48, GH₵22,409.74, and GH₵11,188.12, respectively. The pricing is based on the previous day’s London Bullion Market Association (LBMA) PM gold price, which stood at $2,635.40, and the Bloomberg USD to GHS exchange rate of 15.7500. The BoG aims to offer the public an innovative investment avenue while bolstering the country’s financial…