How gold is priced in Ghana
In Ghana gold is priced in cedis per ounce for bullion and the Ghana Gold Coin, and per gram by karat for jewellery. The figures here are the international spot price converted at today's USD/GHS rate — the metal value before VAT, levies and dealer margins.
GoldBod: the sole buyer and exporter of small-scale gold
The Ghana Gold Board Act, 2025 (Act 1140) created the Ghana Gold Board (GoldBod). Since 1 May 2025 it has been the only buyer, seller, assayer and exporter of gold from licensed artisanal and small-scale mines; dealing in that gold without a GoldBod licence is an offence, and foreigners were barred from the local gold trade. GoldBod exported 104 tonnes of artisanal gold in 2025. From 1 September 2026, artisanal doré must be refined in Ghana before it can be exported. Large-scale mines export their own output.
The Ghana Gold Coin
The Bank of Ghana launched the Ghana Gold Coin in late 2024 as part of its domestic gold purchase programme. The coins are made from Ghanaian doré refined to 99.99%, come in 1, ½ and ¼ oz sizes, and are sold through commercial banks. The Bank publishes a price every business day, based on the LBMA gold price and the cedi exchange rate, so it moves with the figures on this page.
VAT and levies
Under the VAT Act, 2025 (Act 1151), in force since 1 January 2026, taxable supplies carry 15% VAT plus 2.5% NHIL and 2.5% GETFund levy — 20% in total — and the 1% COVID-19 levy was abolished. Gold and jewellery are not among the exempt or zero-rated supplies, so jewellery bought from a VAT-registered business is taxed. Ask for an invoice showing weight, karat and tax separately.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.