On December 9, 2025, the Bank of Ghana (BoG) disclosed the latest pricing update for its Ghana Gold Coin (GGC), effective from the prior Tuesday, November 25, 2025. This revision reflects ongoing turbulence in international gold markets—where spot prices have climbed above $4,200 per ounce amid geopolitical tensions and central bank buying—and a countervailing appreciation in the Ghana cedi against the U.S. dollar.
Launched in late 2024 as a tool to diversify reserves and promote cedi-denominated savings, the GGC continues to serve as an accessible hedge for local investors.
Updated GGC Prices (as of December 2025)
The BoG’s pricing formula ties the coin’s cedi value to the previous day’s London Bullion Market Association (LBMA) afternoon fix in USD, adjusted by the Bloomberg USD/GHS mid-rate—ensuring daily alignment with global benchmarks.
The new rates are:
Coin Weight | Price (GH¢)
0.25 oz | 12,925.65
0.50 oz | 25,099.44
1.00 oz | 49,493.67
These figures mark a modest uptick from mid-November levels (e.g., 1 oz at GH¢47,038.68 on November 25), driven by gold’s rally despite the cedi’s relative firmness. Local analysts note that the cedi’s 22% year-to-date gain against the dollar—trading at around 11.43 GH¢ per USD as of December 8—has partially offset the upward pressure from gold’s 56% annual surge, keeping GGC costs more affordable for domestic buyers.
The Key Drivers Behind the Adjustment
Cedi Appreciation’s Dampening Effect: A stronger cedi reduces the local cost of dollar-denominated gold imports, tempering GGC price hikes. This aligns with BoG’s broader strategy to combat dollarization, stabilize the currency, and channel liquidity into gold-backed assets as a reliable store of value.
Global Gold Volatility: November saw gold fluctuate between $3,964 and $4,245 per ounce, fueled by U.S. Federal Reserve rate cut expectations and China’s 13th consecutive month of reserve additions (now at 74.12 million ounces).
Forecasts from the World Gold Council suggest potential for $4,500+ by mid-2026 if economic slowdowns persist, though a “shallow slip” scenario could cap gains near $3,900.520299.
The GGC lineup retains its trio of denominations—1 oz, 0.50 oz, and 0.25 oz—offering tiered options for retail investors, from modest savers to larger portfolios. Sourced responsibly from local artisanal miners via the Ghana Gold Board, each coin boasts 99.99% purity and features anti-counterfeiting holograms.
For investors eyeing entry, the current pricing presents a balanced opportunity: gold’s long-term upside (analysts project $4,200–$4,500 by end-2025) could outpace any further cedi strength, making now an opportune moment. However, the dual exposure to commodity and forex risks means volatility ahead—rising global gold or cedi depreciation could inflate prices, while sustained appreciation might erode cedi-denominated returns for early buyers.
BoG’s Gold Coin Investment: Knowing All The ‘Secrets’ Before Investing
The Coins remain available nationwide through authorized commercial banks, with transactions compliant under anti-money laundering protocols. As Ghana’s economy navigates post-election recovery under the NDC administration, the GGC underscores the BoG’s pivot toward gold as a pillar of financial resilience—watch for December’s interbank data to signal the next tweak.
This adjustment highlights the GGC’s role in buffering currency swings while capturing gold’s bull run. Prospective investors should weigh personal outlooks on cedi stability and metal demand. Current holders may view it as validation of diversification amid a year of 60%+ gold appreciation.
