Ghana, as one of the leading gold hubs in Ghana, is unquestionably a good place to buy gold. Gold prices in Ghana are much lower than in the rest of the world. Well, this can be attributed to the fact that the prices of anything you buy are cheaper than the country of origin, and also that Ghana’s gold is not completely refined and does not have the required 100% purity.
What is the Gold Price in Ghana?
Below are the prices in Ghana per kilo, gram, and blade.
1 Kilo Gold Price in Ghana
1 Kilo 24k = $68,000
Ghana Gold price in Gram
|Gram||Karat / Carat||Price in Cedis|
What is 1 kilo of Gold?
A kilo of gold is obtained by combining 1000 g of gold. This is commonly shaped in the form of a bar.
What is a Gold karat or carat?
Normally, when gold is mined, it has some percentage of other elements mixed in with it. This means the gold is not pure yet. Gold needs to be refined to attain a higher purity than it has. Karat (American spelling), also known as carat, means how pure a gold is, and 24 karats or 24k means a gold is 100% pure. In Ghana, you would mostly find 22-karat gold, which would need to be further refined in an advanced gold refinery to obtain 24-karat gold.
Which karat or carat is best?
When your gold has a lower karat, for example, 18 karat, it means it has a lot of other elements in it and is less pure. Also, if your gold’s karat is 24 k, then it has 100% purity, which means your gold is very pure.
Every gold buyer or dealer actually aspires to have between 22 and 24 karats of gold.
Guide on Buying Gold in Ghana
There are many gold sellers in Ghana, and without a technical eye to buy gold in Ghana, you will need to be very careful to avoid being duped. Follow the steps below to purchase an original gold coin in Ghana.
1. Avoid purchasing on the street.
When I say, “Avoid buying on the street,” it means, “Don’t just buy from anyone.” When buying gold with huge sums of money, it’s proper to buy from reputable sellers who can take you through every process.
2. Perform a thorough inspection and testing.
Make sure the gold is tested in your presence, and don’t accept later pickups. When the gold is tested in your presence and proven to be genuine, it will be in your interest to acquire it from there. Trying to obtain it later without retesting will sometimes lead to being duped.
Gold mining areas in Ghana
There are a lot of gold mining areas in Ghana. From Obuase to Tarkwa, Akyempim, and many other towns, both large and small-scale gold mining are common in these areas. In fact, gold reserves are scattered everywhere in Ghana, especially in the Ashanti region, the eastern region, the western region, and some parts of the northern region.