Top Guide to Current Gold Prices in Ghana in USD | 24K, 22k, & more

Gold Prices in Ghana: Gold has long been a cornerstone of Ghana’s economy, culture, and investment landscape. As one of Africa’s leading gold producers, Ghana’s gold market is influenced by global trends, local demand, currency fluctuations, and regulatory frameworks.

Latest Gold Prices in Ghana Today – Live 24K Rates in GHS

As of November 06, 2025, Ghana’s gold market continues to track global spot gold prices while adjusting for the Ghanaian Cedi (GHS) and local trading factors – delivering real-time value for buyers, sellers, and investors in Accra, Kumasi, Takoradi, and beyond.

Pure 24K gold follows the international XAU/USD spot rate, instantly converted using the live USD/GHS forex rate. This ensures transparent, up-to-the-minute pricing across Ghana’s bullion dealers, pawn shops, and jewelry markets.

Today’s Exact Gold Prices in Ghana

• Live USD/GHS exchange rate: ≈ 1 USD = 10.90 GHS (mid-market, fluctuates every minute).
• Global gold spot price: $4,028.09 per troy ounce (31.1035 grams).

Why Ghana Gold Prices Keep Rising

Ghanaian gold has surged over 60% year-on-year, fueled by:

• Skyrocketing global safe-haven demand
• Persistent inflation & currency volatility
• Geopolitical tensions & central bank buying

2024–2025 Highlights:

• Peak price: 45,708 GHS/oz (October 2025)
• Lowest: 24,079 GHS/oz (early 2024)
• Average 1-year gain: +61.27% per ounce

Local Variations & Hidden Costs

• Accra & Kumasi dealers: Add 1–3% premium for bars/coins
• Jewelry (22K/18K): +5–15% making charges + GST
• Bank gold schemes: Zero making fee but 6-month lock-in
• Pawn shops: Instant cash at 3–5% below spot

Gold Prices by Purity Levels in Ghana

Gold is traded in various purities, measured in karats (K), where 24K represents pure gold (99.9% purity), and lower karats indicate alloys mixed with other metals for durability or cost-effectiveness.

In Ghana, the most common karats are 24K, 22K, 18K, and 14K, with 22K being particularly popular for jewelry due to its balance of purity and strength.

Below is a detailed breakdown of gold prices for different purity levels in Ghana, based on the current market data.

Gold Price per Gram by Karat

The following table summarizes the price per gram for various gold purities in Ghanaian Cedis as today:

Below is a table showing gold price per gram by karat;

Live converter: 1 oz 24K = 31.1 grams × 1,411 GHS = 43,906 GHS

1 Carat Gold Price in Ghana Cedis:

The term “carat” in the context of gold is often confused with “karat.” For diamonds, 1 carat equals 0.2 grams, but for gold, “carat” typically refers to purity (karat). Assuming the query refers to 1 karat gold (1/24th pure gold, or 4.17% purity), the price per gram would be:

Price = (1/24) × 1,506.82 = 62.78 GHS per gram.

For 0.2 grams (diamond carat equivalent), the price would be 12.56 GHS.

If the query intends 1 gram of 24K gold, the price is 1,506.82 GHS.

10 Gram Gold Price in Ghana:For 24K gold, 10 grams = 10 × 1,506.82 = 14,974.67 GHS.

 1 carat gold price today in ghana cedis  (4.17% purity)

Gold Prices in Ghana – in US Dollars (USD)

Exchange Rate: 1 USD ≈ 13.00 GHS

 1 Karat Gold (4.17% purity)

23K GOLD PRICE IN GHANA TODAY (95.8% purity)

22 CARAT GOLD PRICE TODAY IN GHANA (91.6% purity)

WHERE TO CASH IN RIGHT NOW

• PMMC Airport Vault: 58 GHS/gram for 1K scrap
• Buy Gold Bars Africa Dealers : WhatsApp “1K RATE” → instant quote
• Bank of Ghana e-Gold: Buy 1-carat digital at exact spot

22 carat gold price today in ghana cedis

These prices are raw spot rates and may increase by 5–15% when purchasing jewelry due to making charges, taxes, or dealer margins.

10 gram gold price in Ghana

The black market for gold in Ghana is a significant, albeit controversial, segment of the industry. Ghana’s gold sector includes both large-scale mining operations and artisanal small-scale mining (ASM), locally known as galamsey.

While licensed dealers and the Precious Minerals Marketing Company (PMMC) regulate official transactions, illegal mining and trading persist, particularly in rural mining communities.

Characteristics of the Black Market

Source: Black market gold often comes from unlicensed small-scale miners who bypass PMMC regulations. This gold may be sold as nuggets, dust, or unrefined bars with varying purities (typically 80–95%).

Pricing: Black market gold is generally cheaper than official market prices due to the absence of taxes, export duties, and regulatory compliance costs. However, prices are highly variable and depend on the buyer’s negotiation skills, the purity of the gold, and the risk of illegal transactions.

Estimated Prices: Based on anecdotal reports and market insights, black market 22K gold may sell at a 10–20% discount compared to official prices.

For instance, while 22K gold is 1,379.77 GHS per gram in the formal market, black market prices could range from 1,100–1,250 GHS per gram for similar purity, though purity verification is a challenge.

Risks: Buying black market gold carries significant risks, including:

Legal Consequences: Unlicensed trading is illegal, and buyers risk prosecution or confiscation.

Counterfeit Gold: Without proper assaying, buyers may receive gold with lower purity or fake materials.

Lack of Documentation: Black market transactions rarely provide receipts or certificates, complicating resale or export.

Why the Black Market Thrives

High Demand: Global demand for gold encourages informal trading channels, especially for small-scale miners seeking quick cash.

Economic Pressures: Poverty and limited access to formal markets push miners to sell to middlemen at lower prices.

Regulatory Gaps: Despite efforts by the Ghanaian government to curb galamsey, enforcement remains challenging in remote areas.

Consumers are advised to purchase gold only from PMMC-licensed dealers or reputable jewelers to ensure authenticity and compliance with regulations.

Gold Price Comparison: Ghana vs. Other Top Gold-Producing African Countries

Ghana is Africa’s second-largest gold producer, behind South Africa, with other key players including Mali, Burkina Faso, and Sudan.

Gold prices across these countries are influenced by global spot prices, but local factors such as currency strength, taxes, and production costs create variations.

To determine whether gold in Ghana is cheaper, we compare the price of 24K gold per gram in Ghana with these countries, converted to GHS for consistency.

LIVE 24K GOLD PRICE COMPARISON – NOVEMBER 06, 2025 (Africa Gold Belt Edition)

Global Spot: $4,028 USD/oz → 1 gram = 129.50 USD (LBMA live)

Refreshes every 60 sec – perfect for Accra, Johannesburg, Bamako, Ouagadougou & Khartoum traders!

Ghana vs Neighbours: 24K Gold per Gram (Real-Time Table)

How we calculate GHS column: Local price ÷ live forex → GHS (mid-market rates: 1 USD = 10.90 GHS | 1 ZAR = 0.649 GHS | 1 XOF = 0.01755 GHS | 1 SDG = 0.01765 GHS)

Why Ghana Wins Today

• Cheapest in GHS terms among WAEMU neighbours
• +2% premium over Sudan black-market discounts
• Zero making charges at PMMC vaults (vs 8% jewellery markup)

Ghana vs South Africa: Gold in Ghana is slightly cheaper due to South Africa’s stronger currency (ZAR) and higher domestic taxes. However, South Africa’s larger market and refining capacity may offer more competitive prices for bulk purchases.

Ghana vs. Mali and Burkina Faso: Ghana’s gold is marginally more expensive than Mali and Burkina Faso (1,440.00 GHS) because of the weaker XOF currency and lower regulatory costs in these countries. However, Mali and Burkina Faso face higher risks of supply chain disruptions due to political instability.

Ghana vs. Sudan: Sudan’s gold is significantly more expensive  due to hyperinflation and a volatile SDG currency, making Ghana a more attractive market.

factors shaping gold prices in Ghana

Global Spot Prices: Gold is a globally traded commodity, and its price in Ghana closely tracks international markets (e.g., London Bullion Market). A global price surge, as seen in 2024–2025, directly impacts local prices.

Currency Exchange Rates: The GHS’s value against the USD significantly affects gold prices. A weaker GHS (e.g., 15.50 GHS/USD) increases local gold prices.

Local Demand and Supply: Cultural events, weddings, and investment trends boost demand, especially for 22K and 18K jewelry. Supply from ASM and large-scale mines also influences prices.

Government Policies: Taxes, import duties, and PMMC regulations add costs to formal market gold. The government’s crackdown on galamsey may reduce black market supply, indirectly raising prices.

Craftsmanship and Retail Margins: Jewelry prices include making charges (10–15% of the raw gold price), which vary by design complexity and retailer.

Investment and Buying Tips for Gold in Ghana

For those looking to buy or invest in gold in Ghana, consider the following:

Buy from Licensed Dealers: Purchase from BGBA authorized dealers or reputable jewelers in Accra, Kumasi, or Takoradi to ensure authenticity and legal compliance.

Verify Purity: Request assay certificates for gold bars or bullion. For jewelry, check for hallmarks (e.g., 916 for 22K, 750 for 18K).

Understand Costs: Factor in taxes, making charges, and dealer commissions when budgeting. Compare prices across multiple sellers for the best deal.

Avoid Black Market: While cheaper, black market gold poses legal and quality risks. Stick to formal channels for long-term value and safety.

Diversify Investments: Experts recommend allocating 5–10% of a portfolio to gold as a hedge against inflation and currency depreciation.

FAQ about Gold Prices in Ghana

Is Gold Cheaper in Ghana?

Yes, gold in Ghana is relatively affordable compared to many other African countries. As of July 15, 2025, the price of 24K gold per gram is approximately GHS 1,126.64, which is about $108.11 USD .

This competitive pricing is due to Ghana’s status as one of Africa’s leading gold producers, with a significant portion of the gold mined locally .

 How Much Is Gold One Blade in Ghana?

The term “one blade” is not a standard unit of measurement for gold in Ghana. Gold is typically measured in grams, ounces, or kilograms. If “one blade” refers to a specific weight or local term, it’s advisable to clarify the exact weight with the seller to ensure accurate pricing.

 How Much Is 1 Gram of Gold Today?

As of July 15, 2025, the price of 1 gram of 24K gold in Ghana is approximately GHS 1,126.64, equating to about $108.11 USD . This price reflects the global spot price adjusted for local market conditions.

How Much Gold Is in Ghana?

Ghana is one of the largest gold producers in Africa, ranking as the sixth-largest globally. In 2023, the country produced approximately 4.2 million ounces of gold, contributing to about 4% of the world’s total output .

The primary gold-producing regions include Ashanti, Western, and Eastern regions, with major players such as Newmont, Gold Fields, AngloGold Ashanti, and Kinross Gold.

Conclusion

Gold remains a vital asset in Ghana, serving as a cultural symbol, investment vehicle, and economic driver. As of April 2025, the price of 24K gold stands at 1,506.82 GHS per gram, with lower purities like 22K  and 18K widely available for jewelry and investment.

The black market offers cheaper alternatives but comes with significant risks. Compared to other African gold-producing countries, Ghana’s prices are competitive, balancing affordability with market stability.

Whether you’re an investor, jeweler, or consumer, understanding Ghana’s gold market dynamics—purity levels, pricing factors, and regional comparisons—empowers informed decisions.

By prioritizing licensed dealers and proper documentation, buyers can navigate this vibrant market with confidence, leveraging gold’s enduring value in Ghana’s economy.