Gold is a precious metal of high monetary value, sought after for producing coins, jewellery and other artefacts. Ghana is a major producer and exporter of gold as a major foreign exchange earner for its socio-economic development. From 1989 to 2009, Ghana has produced over 24,000 kg of gold, valued at over £238 million. Gold purchases and exports in Ghana are handled by the Precious Mineral Marketing Corporation (PMMC) on behalf of licensed sellers/suppliers to overseas buyers.
Things you need
- Licensed gold supplier in Ghana
Contact a licensed gold buyer (seller/supplier) in Ghana and confirm offers from the gold buyer with the PMMC to confirm that the transaction is legitimate.
Complete your part of the Gold Export Agreement Form. The licensed buyer purchases the Gold Export Agreement Form from PMMC for completion by both supplier and overseas buyer, then returns it for approval.
Be sure that the gold buyer will deliver the shipment on time. Gold to be exported by the Licensed gold buyer must arrive at PMMC in Accra, Ghana before 9 a.m. for assessment on day of export, if already smelted. Unsmelted gold must arrive a day before export.
Pay shipment costs, for which the overseas buyer and gold supplier are responsible. Gold to be exported is sealed and secured by PMMC in special wooden or metal boxes on the day of export in the presence of Ghana Customs Officials, PMMC Officials, and the supplier who requested for the gold export. The licensed supplier provides the full shipping address and telephone number of the overseas buyer for the export. PMMC transports the secured gold to Kotoka International Airport in Accra for delivery to the courier airline (which is currently KLM).
Receive your shipment at the specified location. Documents accompanying the exported gold include the PMMC Assay Invoice, the Bank Of Ghana and Ghana Customs Export documents, the gold purity document, the quantity, the gold value in both British Pounds and GHS (Ganaian cedi, the local currency), and the air waybill.
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