1 bar of gold price in Ghana: 24K, 22K, & 18K Gold Bar Prices

1 bar of gold price in Ghana: As you consider investing in gold in Ghana, a global hub for gold production, you’re likely asking: What is the price of a 1 bar of gold in Ghana, and how do different types of gold bars compare in terms of weight and purity?

Known as the “Gold Coast” for its vast reserves, Ghana offers a dynamic and regulated gold market, making it an attractive destination for investors and collectors.

Price of a Standard Gold Bar in Ghana

A standard gold bar, often a “Good Delivery” bar as defined by the London Bullion Market Association (LBMA), weighs 12.5 kilograms (approximately 400 troy ounces).

As of April 16, 2025, the global spot price of gold is approximately $3,304.40 per troy ounce, based on live market data. With the Ghanaian Cedi (GHS) exchange rate at 15.50 GHS per USD, the local price per troy ounce is:

Price per ounce: $3,304.40 × 15.50 GHS/USD = 51,218.20 GHS
Price for 400 ounces (12.5 kg): 51,218.20 GHS × 400 = 20,487,280 GHS (approximately $1,321,760 USD)

Thus, a 12.5 kg gold bar in Ghana costs roughly 20.49 million GHS, including a 1-5% premium for local taxes, dealer fees, or transportation costs, depending on the seller.

This price aligns with Ghana’s role as Africa’s largest gold producer, where proximity to mines reduces import costs, though local premiums slightly elevate prices above the global spot rate.

Factors Influencing Gold Prices in Ghana

Several factors shape the price of gold bars in Ghana, which clients should understand:

Global Spot Price: Set by international exchanges, gold prices reflect supply, demand, inflation, and geopolitical events. Gold’s 25.87% rise in 2025 signals strong demand as a safe-haven asset.
Exchange Rate: The Cedi’s value (15.50 GHS/USD) impacts local pricing. A weaker Cedi increases GHS prices, as gold is traded in USD globally.
Local Costs: Mining expenses in regions like Obuasi and Tarkwa, plus labor and environmental regulations, add minor costs. Ghana’s regulated market ensures fair pricing.
Premiums and Purity: Dealers charge premiums for minting, assay certificates, or brand reputation. Purity levels (e.g., 24K vs. 22K) affect value, with 24K commanding higher prices.
Government Policies: The Precious Minerals Marketing Company (PMMC) oversees gold trade, ensuring authenticity. Policies like the 2019 abolition of import duties lower costs, though withholding taxes may apply on large transactions.

Comparing Popular Gold Bar Types and Purity Levels

Gold bars come in various weights and purity levels, catering to different budgets and goals. The most common purity levels in Ghana are 24K (99.9% pure), 22K (91.6% pure), and occasionally 18K (75% pure), though 18K is rare for investment bars due to its lower value.

Popular bar types include cast bars (poured into molds, rustic appearance), minted bars (stamped for polished finish), and Good Delivery bars (LBMA-standard for institutional trade).

Below is a table comparing prices for popular gold bars in Ghana, based on the April 2025 spot price ($3,304.40/oz, 51,218.20 GHS/oz), with approximate premiums included:

Bar Type	Weight	Purity	Price (GHS)	Price (USD)	Notes
Good Delivery Bar	12.5 kg (400 oz)	24K	20,487,280	1,321,760	LBMA-standard, ideal for institutional investors, high liquidity.
1 kg Minted Bar (PAMP)	1 kg (32.15 oz)	24K	1,674,160	108,010	Popular for retail investors, sleek design, assay card included.
100 g Minted Bar (Valcambi)	100 g (3.215 oz)	24K	167,416	10,801	Affordable for small investors, high purity, secure packaging.
1 oz Minted Bar (Perth Mint)	1 oz	24K	52,242	3,370	Collectible, low premium, ideal for beginners, kangaroo design.
1 kg Cast Bar	1 kg (32.15 oz)	22K	1,536,234	99,112	Lower purity, cheaper, used in local markets, less liquid internationally.
100 g Cast Bar	100 g (3.215 oz)	22K	153,623	9,911	Common in jewelry trade, durable, slightly lower resale value.
1 oz Cast Bar	1 oz	18K	39,181	2,528	Rare for investment, used in decorative items, lowest resale value.

Notes:

Prices include a 2% average premium for minting and dealer fees. Actual premiums vary (1-5% for 24K, higher for lower karats).
22K and 18K bars are less common for investment but available in Ghana’s jewelry and artisanal markets.
Prices are based on 1 oz = 31.1035 grams, 1 kg = 32.15 oz, and purity-adjusted calculations (e.g., 22K = 91.6% of 24K price).
Sources: Global spot price from livepriceofgold.com, bar types from herobullion.com.

Why These Gold Bars?

Good Delivery Bar (12.5 kg, 24K): Used by banks and institutions, these LBMA-certified bars offer maximum liquidity but require secure storage and significant capital.
PAMP 1 kg Minted Bar (24K): Swiss-made, globally recognized, with intricate designs and assay cards, ideal for serious retail investors.
Valcambi 100 g Minted Bar (24K): Swiss quality, compact, and affordable, perfect for diversifying portfolios without large outlays.
Perth Mint 1 oz Bar (24K): Australian-crafted, collectible, with low premiums, suited for beginners or gift purchases.
Cast Bars (22K, 18K): Common in Ghana’s local markets, cheaper due to lower purity, but less liquid globally. Used for jewelry or cultural items.

Why Invest in Gold in Ghana?

Ghana’s gold industry, producing 15% of Africa’s output, is a cornerstone of its economy, offering competitive pricing and authenticity through PMMC regulation.

Gold bars are a hedge against inflation and Cedi volatility, with a 12.5 kg bar potentially appreciating to 22 million GHS by December 2025 if global prices hit $3,720/oz.

Smaller bars (1 kg, 100 g, 1 oz) are more accessible, with 1 kg bars costing 1.67 million GHS and 100 g bars 167,416 GHS, ideal for retail investors.

Buying locally supports ethical mining and community projects, aligning with Ghana’s sustainable gold policies.

Where and How to Buy

Buy Gold Bars Africa Limited, Licensed Dealers: Purchase from authorized dealers in Accra, Kumasi, or Tarkwa for assay-certified bars. Verify licenses to avoid scams.
Mining Regions: Obuasi and Tarkwa offer direct purchases from small-scale miners, but require PMMC verification for legality.
Banks and Jewelers: Banks like the Bank of Ghana sell smaller bars or coins (e.g., 0.25 oz Ghana Gold Coin, ~12,805 GHS).

Documentation: Obtain receipts, assay certificates, and export permits for international transactions. Expect BGBAL oversight for large purchases.
Negotiation: Compare dealer offers and negotiate premiums, especially for smaller bars (1-3% vs. 5% for jewelry).

Safety and Practical Tips

Ghana’s gold market is secure with BGBAL oversight, but caution is key:

Verify Authenticity: Ensure bars have hallmarks, serial numbers, and assay certificates. Test with magnets (gold is non-magnetic).
Secure Storage: Use bank vaults or depositories like BullionVault for safety. Avoid home storage due to theft risks.
Taxes: Check withholding taxes on large sales. Export permits are required for international shipments.
Market Timing: Monitor live prices (e.g., goldrate24.com) to buy during dips. Avoid sellers offering below-market rates, a scam red flag.

In conclusion, the price of a 1 bar of gold (12.5 kg, 24K) in Ghana is approximately 20.49 million GHS ($1.32 million USD) as of April 2025, with smaller bars like 1 kg (1.67 million GHS) or 100 g (167,416 GHS) offering accessible options.

From PAMP’s sleek 24K bars to local 22K cast bars, Ghana’s market caters to diverse needs, with 24K bars leading for investment due to high purity and liquidity.

By choosing Buy Gold Bars-licensed dealers and understanding purity and weight differences, you can invest confidently.

Contact us to connect with trusted sellers, explore storage solutions, or tailor your gold portfolio. Ghana’s gold awaits—secure your wealth today.