The invention provides a golf ball having a core and a cover of one or more layer encasing the core, wherein the core has a center core and a foamed outer layer that directly, or indirectly through another layer, envelops the center core. The foamed outer layer is made of a rubber composition that includes a base rubber, a co-crosslinking agent and an organic peroxide. The foamed outer layer has an inside portion facing the ball center and an outside portion facing the outside of the ball that are unfoamed regions, and contains a foamed region in an intermediate portion therebetween. A method of manufacturing such a golf ball is also provided.