Business News of Thursday, 19 June 2025

Source: www.ghanaweb.com

Prices of BoG gold coin rise slightly, quarter-once sells at GH¢9,652.34

BoG gold coin sells at GH¢9,652.34 for a quarter-ounce BoG gold coin sells at GH¢9,652.34 for a quarter-ounce

The Bank of Ghana's (BoG) gold coins have seen a marginal increase in investment prices, following the slight depreciation of the Ghana cedi against the US dollar.

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

As of Thursday, June 19, 2025, the bank reported the following updated prices:

• The 0.25 oz coin is now selling at GH¢9,652.34 from GH¢9,644.49 on June 19, 2025.

• The 0.50 oz coin is priced at GH¢18,591.34 from GH¢18,575.63.

• The 1.00 oz coin is selling for GH¢36,511.48, up from GH¢35,788.53.

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/AE

See the BoG's post below: