Silver price in Ghanaian Cedi (GHS) — Ghana
Today, 999 fine silver costs about 23.82 GHS per gram in Ghana — roughly 740.89 GHS per troy ounce and 23,820 GHS per kilogram. Prices come from the global silver futures benchmark (SI=F) rate, converted into Ghanaian Cedi at Ghana's parallel-market exchange rate.
How the silver price in GHS is calculated
Silver is quoted internationally in US dollars per troy ounce (XAG/USD). To express it in Ghanaian Cedi, we convert the spot price to a per-gram figure, apply the purity factor, and convert to GHS at Ghana's parallel exchange rate — the rate at which dollars actually trade, rather than the lower official Bank of Ghana (BoG) rate.
Silver units and purities (gram, ounce, kilogram)
One troy ounce equals 31.1035 grams and one kilogram is 1,000 grams, so the per-ounce price is the per-gram price times 31.1035, and the per-kilo price is times 1,000. Purity is given in thousandths: 999 is fine (investment) silver, 925 is sterling, 900 and 800 are common in coins. A 925 piece is worth about 92.5% of the 999 price for the same weight.
Why silver prices follow the parallel market in Ghana
The cedi has been one of Africa's most volatile currencies, and Accra's forex bureaus often price dollars above the interbank rate. Like gold, silver is a dollar-priced store of value, so its GHS price climbs as the parallel rate weakens. Tracking silver in Ghanaian Cedi gives a low-cost read on the same currency pressures that move gold and the street dollar.