Ghanaians who invested in the Ghana Gold Coin (GGC) at its launch on November 26, 2024, have seen a rise in its value as gold prices fluctuate globally.

A price comparison between November 26, 2024, and February 11, 2025, shows an appreciation in the coin’s cedi value, influenced by global gold prices and exchange rate movements.

Currently, the one-ounce coin is priced at GH?46,671.17, up from GH?45,020, while the half-ounce and quarter-ounce coins have risen to GH?23,748.65 and GH?12,318, respectively, from their initial prices of GH?22,409 and GH?11,188.12.

Investors who bought the GGC at launch have gained over GH?1,300 per ounce, due to rising gold prices.

On November 24, 2024, the London Bullion Market Association (LBMA) PM gold price stood at $2,694.95, with the cedi-dollar exchange rate at 15.8.

By February 11, 2025, gold had surged to $2,874.65, while the cedi-dollar rate adjusted to 15.45.

The increase in gold prices has helped offset exchange rate fluctuations, making the GGC an attractive option for investors looking to hedge against currency depreciation and tap into Ghana’s rich gold reserves.

Meanwhile the Mahama led administration has inaugurated a technical committee tasked with drafting a legal framework for the creation of the Ghana Gold Board (GoldBod).

A strategic move the government believes will unlock greater value from the gold sector and elevate Ghana’s standing in the global market.