In this study, we use data from the Juno and Galileo spacecraft to analyze the internal magnetic dynamo of Ganymede. As the only known moon with a strong internal magnetic field, Ganymede is a uniquely interesting object in the context of understanding the formation and structure of planetary magnetospheres. Using a spherical harmonic model centered on the moon, we report a dipole approximation for Ganymede of g01 = -716.4 nT, g11 = 56.0 nT, and h11 = 27.0 nT. We find that using a quadrupole fit rather than a dipole fit provides only a marginal increase in accuracy, and instead favor the use of a dipole approximation until more data can be obtained. The magnetic moment estimates provided here can be used as a baseline for interpreting data from future spacecraft flybys of the moon, and can serve as inputs into numerical models studying Ganymede’s magnetosphere.