The prices of the Bank of Ghana’s (BoG) gold coins have recorded another sharp increase, reflecting the persistent depreciation of the Ghana cedi against the US dollar.
The gold coins, introduced by the Central Bank in 2021, were designed as part of a broader strategy to discourage the hoarding of foreign currency, particularly the US dollar, and to mop up excess liquidity from the financial system. The move formed part of measures to stabilize the cedi and reduce inflationary pressures at a time when Ghana’s economy faced significant exchange rate challenges.
In its latest update on Tuesday, September 9, 2025, the Bank of Ghana announced revised prices for the coins, which have become increasingly attractive to both investors and ordinary Ghanaians looking for a store of value. The new prices are as follows:
- Quarter-ounce (0.25 oz) coin – GH¢11,977.96
- Half-ounce (0.50 oz) coin – GH¢23,180.96
- One-ounce (1.00 oz) coin – GH¢45,636.30
The BoG noted that the continuous surge in prices is directly linked to global gold market trends as well as the weakening of the cedi, which has lost considerable ground to the US dollar in recent months.
Financial analysts believe the rising prices of the coins underscore their growing role as a safe-haven investment for individuals and institutions seeking to hedge against inflation and currency depreciation. Unlike the cedi, whose value has been under pressure, gold remains globally recognized as a stable asset, making the coins an attractive option in uncertain economic times.
The Ghana gold coins are currently available in three denominations—quarter-ounce, half-ounce, and one-ounce—and can be purchased through designated commercial banks. Since their launch, the coins have been marketed not only as an investment tool but also as a symbol of Ghana’s rich mineral heritage.
With the cedi’s performance expected to remain under strain for the rest of the year, experts predict that demand for the BoG’s gold coins will continue to rise, further driving up their investment value in the local market.
