Business News of Tuesday, 27 May 2025
Source: www.ghanaweb.com
The Bank of Ghana's (BoG) gold coins continue to see a decline in prices as the Ghana cedi appreciates against the US dollar.
The central bank introduced the coins as a strategic measure to discourage the hoarding of US dollars.
As of Tuesday, May 27, 2025, the bank reported the following updated prices:
• The 0.25 oz coin is now selling at GH¢9,614.01, down from GH¢9,657.73 on May 27, 2025.
• The 0.50 oz coin is priced at GH¢18,511.24, down from GH¢18,596.99.
• The 1.00 oz coin is selling for GH¢36,348.27, down from GH¢36,518.24.
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 is being sold through commercial banks.
SP/MA
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