BoG Updates Gold Coin Prices
By Praisebell Rosemond Larbi
The Bank of Ghana (BoG) has announced new prices for its gold coins, effective yesterday, April 14, 2025, as part of its continuous strategy to deepen the country’s gold market and offer Ghanaians an alternative avenue for investment. This move, which is in line with global gold pricing trends and domestic currency performance, reflects the central bank’s commitment to fostering financial resilience and promoting gold as a store of value.
In a statement released by the BoG indicated that the 0.25-ounce gold coin will now sell at GH¢13,639, while the 0.50-ounce version is priced at GH¢26,387. The full 1-ounce coin will go for GH¢51,947. These figures have been computed based on the previous closing price of gold on the London Bullion Market Association (LBMA), which stood at $3,230 per ounce. The Bank of Ghana applied an exchange rate of GH¢15.50 to the US dollar in determining the cedi equivalent of the coins.
The gold coins, which are not legal tender, were first introduced under the Bank’s broader gold strategy aimed at creating avenues for wealth preservation and expanding the role of gold as a financial asset within Ghana’s economy. Since their launch, the coins have grown in popularity, especially among investors looking for more stable, physical stores of value amid global economic uncertainties and the depreciation of fiat currencies.
Manufactured by the Gold Coast Refinery — Ghana’s first LBMA-certified gold refinery — the coins are minted to the highest standards and come with authentication and security features to ensure trust and transparency in the gold investment ecosystem. Each coin is packaged securely and intended for commemorative and investment purposes only.
The Bank of Ghana has reiterated that this initiative is also part of its effort to support local value addition in the gold industry, which remains a critical part of Ghana’s export economy. Officials note that by creating a vibrant domestic market for gold, the country can reduce the reliance on foreign financial instruments and increase the retention of value from its natural resources.
Moreover, the introduction of gold coins is seen as a step towards broader financial inclusion, offering retail investors the opportunity to diversify their portfolios with precious metals. The Bank has urged the public, especially those interested in long-term wealth preservation, to consider the gold coins as an alternative investment option and to purchase them only through accredited channels, including selected banks and licensed gold dealers.
As the international price of gold continues to trend upwards, driven by central bank demand, geopolitical instability, and inflationary pressures, Ghana’s initiative to offer gold coins as part of a structured market response is receiving commendation from financial analysts and industry stakeholders. The Bank of Ghana has assured the public that it will continue to monitor global market dynamics and adjust prices periodically to reflect fair market value. It also reaffirmed its commitment to building a robust local gold ecosystem that supports economic development and provides tangible benefits to citizens.
