Business News of Wednesday, 2 July 2025

Source: www.ghanaweb.com

BoG gold coin prices appreciate in response to slight depreciation of the cedi

Gold coin is a strategic measure to discourage the hoarding of US dollars Gold coin is a strategic measure to discourage the hoarding of US dollars

Prices of the Bank of Ghana's (BoG) gold coins have increased slightly in response to the performance of the cedi against the dollar on the interbank foreign exchange market.

The Central Bank introduced the gold coins as a strategic measure to discourage the hoarding of US dollars.

As of Wednesday, July 2, 2025, the bank reported the following updated prices:

- The 0.25 oz coin is now selling at GH¢9,586.71, up from GH¢9,427.45 on July 1, 2025.

- The 0.50 oz coin is priced at GH¢18,458.36 up from GH¢18,139.84.

- The 1.00 oz coin is selling for GH¢36,244.02, up from GH¢35,606.98.

According to the Central Bank, the initiative is designed to absorb excess liquidity in the market and 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.

SSD



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