The Exportation of Gold from Ghana

Gold Mining Site in Ghana
Workers at Gold mining Site in Ghana
Gold is a foremost export commodity for Ghana, with this treasure-able metal bringing in almost 48 percent of the country’s revenue. After South Africa, Ghana is the leading gold producer in Africa and in the first quarter of 2012, Ghana earned about $1.5 billion from export of gold. According to the Bank of Ghana, the country will continue to witness an increase in revenue through gold exports. It is estimated that in 2012, Ghana will earn more than $4 billion through gold exports.

However in 2011, the country saw a decline of 6 percent in gold production, as several companies were concentrating on long-term maintenance and expansion rather than actual production.

Export of Gold from Ghana
Ghana has continually depended heavily on a selected few commodities for exports. Gold is one of such commodity. Doing this, Ghana has been able to safeguard its environment and also entice foreign investment. The country has continuously been a major producer of gold and today, it has the singular reputation of having one of the biggest gold reserves in the world. Acknowledgments to the preemptive initiatives taken by the government, gold exports are increasing with each passing day. With the assistance of foreign investment, Ghana has been able to improve in Gold output and furthermore generate substantial job prospects for its people.

The United Kingdom is Ghana’s largest export partner, but Ghana also exports gold to the European Union and the United States America.

Gold Mining and Environmental Problems in Ghana
Over 90 percent of the Ghana gold outputs come off from the Ashanti region of Ghana. The Ashanti Gold-fields Corporation has recently modernized its operations and is now using environmentally-friendly techniques to mine and process gold. Nevertheless, it is the 10 percent outputs that is a disturbing factor. This 10 percent represent small scale gold miners, who use old-fashioned and unsafe procedures to extract gold. Consequently, rivers are being constantly diverted; air, water and ground contamination has become a major problem in the country. In some areas, desertification has occurred due to soil erosion and leaching. Most of these small scale miners use mercury to remove gold from the sediments and this has caused contamination of drinking water and groundwater. The locals’ residents are also suffering from health problems, due to mercury poisoning. The surrounding flora and fauna is not left out.

The Ghana government is also considering opening up its forests for gold mining. Some foreign mining companies are ready to invest and generate thousands of jobs; the government is particularly desirous to help further its economy. Though, this could be devastating for the environment.

The near Future of Gold Exports from Ghana
The Ghana government needs to make sure that gold mining companies use modern and environmentally-friendly techniques to extract gold. If this does not take place, the environment will be severely damaged irreversibly and people in the nearby areas would not be fit sufficiently, even physically and mentally, to take up jobs in the mining sector. This will end the gold mining and gold exports.

The challenge that the country is now facing is educating and imparting knowledge to the small scale local miners, and then assisting them to switch to a more modern and environmentally-friendly extraction procedures. Obviously this requires funding and, therefore, the government must look for private players and foreign investments.

Gold exports from Ghana will continue to increase, because the demand for this commodity is very high and will continue to remain on the high side. Nonetheless, the eventual cost of the exports perhaps maybe too high for Ghana to bear the burden alone.

      Ghana is gifted with mineral deposits for example gold, diamond, manganese and bauxite. There are also untapped economic deposits of iron ore, limestone, kaolin, feldspar and silica sands. We welcome all potential investors including persons who desire to deal in gold or other precious minerals in Ghana and are actually prepared to offer the necessary assistance.

Here in Ghana, one can only deal in gold or other precious minerals upon the grant of a valid license by the Minister of Lands and Natural Resources. For the avoidance of any doubt, anyone offering such minerals for sale should therefore hold such a license.


Gold Agents

Gold is a precious metal of high monetary value, sought after for producing coins, jewelery and other artifacts. Ghana is a major producer and exporter of gold as a major foreign exchange earner for its socio-economic development. Between 1989 to 2018, Ghana has produced over 1,250,000 ounces of gold, valued over $620.35 million.
        In 1989 when the Ghana Government regularized small-scale gold mining operations in the entire country, it was estimated that about 60,000 to 80,000 ounces of gold previously produced by Small Scale miners were smuggled out Ghana yearly.
         In 2014, total gold mined by small-scale miners was about 1.49 million ounces, which represent about 34.2 per cent of the total gold mined in Ghana.
          Largely, gold production in Ghana has fallen from 3.19 million ounces in 2013 to about 3.17 million ounces in 2014.
         The mining sector in Ghana contributed 16 percent of the Ghana’s revenue, with gold as the second largest foreign exchange earner for the country; in 2014, Ghana officially produced a total of 4.4 million ounces of gold.

Consequently, gold revenue, which accounts for almost 98 per cent of the mineral revenue, declined from about $4.7 billion in 2013 to about $3.7 billion in 2014.

Complaint of Gold Shady deal from Ghana
The rate of complaint of Gold con from Ghana because of upfront payment has greatly increased over the last two decades. These trends should not continue, all stakeholders in the gold business must come together to find a lasting solution to this menace.

Gold Agents should enter into the Gold Business in a Genuine and transparent way as Agent. Small-scale miners should appoint a recognized gold agent to act as their representative, in order to achieve their quest for foreign investors that can collaborate with them to procure mining equipment for their mining sites.    Unregistered small-scale miners should be discouraged from direct sale to prospective foreign gold buyers; this is to discourage fraudsters from taking advantage of the System. Unregistered small-scale miners should be encouraged to register their company under the General Minerals Commission of Ghana and operating in the areas of Minerals and exporting.
prospective foreign gold buyers must desist from believing people who promise them Gold for the price Of Coffee. There is no Free Gold in Ghana. Please do not believe that you can get free gold from Ghana, it is never true. You will lose that money to dishonest-people. Many people have avoided this simple advice and adhered to a pattern of low-priced gold, there were duped by sophisticated fraud-artist posing as genuine gold dealer.
           The actual goal of the con-artist is to part you from your hard-earned cash, many of the gold frauds circulating worldwide start from Africa. Several criminal claim to be mine owners and have mining operations in nations like Burkina-Faso, South Africa, and Ghana, Africa's top producers of gold. The Tricksters always guarantee to be offering gold using legitimate procedure and often offer large quantity of gold at huge discounts.
           Gold buyers and mints worldwide are being trick, as they search for genuine gold suppliers. Huge sums of monies are lost to the tricksters that runs this sophisticated gold rip-off syndicate. The latest attractiveness of gold and limited supply is forcing long time gold merchants to establish contact with new suppliers and connections, most of whom are crooked.
Please do not hesitate to contact me if you have interest in Gold or you know somebody that has genuine interest in Gold and Diamonds. I can only guarantee a good Discount, World market price.

Name: Mr. Edwin Campbell,
Location: Accra Ghana
Read More about: CIF Gold Offer,

                                   &  FOB Accra Gold Offer.

Ghana PMMC
To trade cost effectively in gold, diamonds, precious and semi-precious stones locally and internationally, efficiently produce quality jewelery through highly skilled as well as motivated staffs to guarantee customer satisfaction and augment shareholder value. In April 1989 the PMMC was charged with the task of promoting small scale gold mining Ghana..

Precious Minerals Marketing Company Limited (PMMC) is a Limited Liability Company operating under the Companies’ Code, with the Government of Ghana as the sole shareholder. The authorized businesses of PMMC are:

  • To grade, assay, value and process precious minerals;
  • To buy and sell precious minerals;
  • To appoint licensed buyers for the purchase of precious minerals produced by small – scale miners;
  • To promote the development of precious minerals and the jewellery industry in Ghana.
  • To do all such things as are indicated or conducive to the attainment of its objectives and functions.
  • To export gold on behalf of third parties for a commission.
Other Gold refineries in Ghana has an installed monthly capacity and is manned by expert team who offer the following range of services:

  • Smelting Services
  • Bullion Assay
  • Refining Services
  • 3rd Party Gold Purchases
  • Export Service
  • International Gold Buyer - Local Gold Seller Inter-mediation Service
  • Vault Services. Valuation is done on the day of deposit.
Gold as a mythical commodity is used as a symbol of love, wealth, and power by ancient pharaohs, modern-day rappers and untold couples,

In the past decade, storefront shops began popping up around Silicon Valley and across the country as gold prices remained high and people turned their jewelery and other gold into cash during tough economic times.
"Gold's been around for thousands of years," said Foldvary, who holds gold mining stocks as a minor part of his own investment portfolio. "And gold remains implicit money. Central banks want to hold gold. China and Japan are increasing their gold holdings, so gold operations will continue...

FCO (Full Corporate Offer) CIF via PMMC Ghana

Draft Corporate Requirements for Sale of Gold:
We hereby issue this Full Corporate Offer with given terms and conditions. We confirm our readiness and willingness to move straight to Sales Purchase Agreement, upon your acceptance of our terms and conditions Stipulated below:


PURITY:                        95.03% (OR BETTER)
FINENESS:                   22.5+ CARAT
ORIGIN:                       GHANA
PRICE:                         NEGOTIABLE
PAYMENT:                 U.S DOLLAR.

The Seller declares that he has the full legal title and possession of the offered Raw Gold Dore-Bars and has full Government approval (if required) to sell and export Raw Gold of non-criminal origin, and with no liens and or encumbrances attached or pending under the terms of this full Corporate offer.

The buyer, under full corporate authority and responsibility declares that he and his associates have the full capability to purchase the refined gold and such purchase will be increased with options of annual extensions.

The seller offers to assist with all necessary documents (Letter of Invitation, copy of seller International passport etc.) required by the consular of buyer`s country of origin, to secure Ghana visa from their respective country.
                              MODE OF TRANSACTION
(1) (a) The seller expects the buyer to visit the product origin (Ghana) for buyer`s inspection, due diligent, goods sighting, and make a preliminary assay test at any government recognized Gold Refinery or PMMC here in Ghana to check the purity and the carat of the gold and upon buyer's satisfaction with seller`s genuineness and goods availability, both parties will mutually agree on how the transaction will be conducted.
(b) Buyer may decide not to visit product origin (Ghana), both parties will mutually agree on how the transaction will be conducted.
 After both sides confirm assay, the buyer shall pays for shipment cost and documentation cost, while the seller shall releases collateral gold equivalent to the shipment costs and related government royalties as collateral to the buyer. The collateral shall be held at the buyer’s safe deposit until shipment is effected. 
  • Seller is expected to deliver the goods CIF .
  • Shipment below Ten (10) Kilos is excluded from this CIF terms.
  • NO TRIAL SHIPMENT; all shipment is shipment, 1 kilos shipment is shipment.
The seller is open to partnership with prospective buyer who genuinely wants to cooperate on having a local gold refinery of international standard, which will be Situated in Ghana.
Final purchase contract shall be prepared and signed by both the seller and the buyer.

Yours Faithfully, 

Mr. Edwin Campbell Bandanaa

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