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.



NOTICE TO PROSPECTIVE GOLD and DIAMOND BUYERS
      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.

FCO (FULL CORPORATE OFFER)

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:

COMMODITY SPECIFICATIONS

COMMODITY             GOLD DORE BARS
PURITY:                        95.03% (OR BETTER)
FINENESS:                   22.5+ CARAT
ORIGIN:                       GHANA
PRICE:                         NEGOTIABLE
QUANTITY:                TO BE SPECIFIED BY THE BUYER
PAYMENT:                 U.S DOLLAR.


SELLERS DECLARATION OF SELLING CAPACITY AND EXPORT APPROVAL
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.

BUYER DECLARATION OF FUND AVAILABILITY AND PURCHASE CAPABILITY
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.

BUYER INVITATION REQUIREMENTS
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.
SELLER IS OPEN TO PARTNERSHIP AGREEMENT
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.
TITLE
THE OFFERED COMMODITY ABOVE -DESCRIBE FOR SALE ARE WITH GOOD, CLEAN     TITLE,     FREE     FROM     ANY     LIENS,     MORTGAGE.  BILL     OF SALES/ENCUMBRANCES.
PURCHASE CONTRACT
Final purchase contract shall be prepared and signed by both the seller and the buyer.

Yours Faithfully, 

Mr. Edwin Campbell Bandanaa

Website: www.ghanagoldagents.net/ 
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Read Also: Original 100% CIF Gold shipment to any Country...

China mining conference and Exhibition

GHANAGOLDAGENTS.NET  is Collaborating  with China mining conference and Exhibition 2019.
October 9-11, 2019  Tianjin China
CHINA MINING is China`s official annual congress for the mining industry. 
CHINA MINING Congress is hosted by the Chinese Ministry of Land and Resources PRC, with strong participation of the Provincial Departments of the Ministry of Land and Resources and mining associations. The conference is the place to learn about the latest policies, regulations, and mining projects in China and the world.
CHINA MINING Congress is a global mining forum.
Participants at CHINA MINING include domestic and overseas mining government and associations, CEOs and executives from all areas of the mining sector, as well as technical experts, service providers, bankers, stock exchanges and investors.
CHINA MINING Congress features about hundreds of speakers every year.
The CHINA MINING program includes topics of the highest relevance to the international and domestic mining industry. Keynotes, stream sessions, and panel discussions provide an excellent opportunity to meet and learn from experts, participate in discussions and get deep insights in presented topics and leading opinions.
CHINA MINING Congress promotes investors exchange.
A large number of sessions during CHINA MINING Congress are dedicated to country, projects & company presentations as an ideal place to hear about the latest investment opportunities and developments in the world.

GOLD TRADE FINANCE SOLUTIONS

Our Foreign trade partner provides Banking instrument to ease trade and investment in Gold; Such as Letter of Credit (LC) or Standby Letter of credit (SBLC), Bank Guarantee (BG) and Documentary Letter of credit (DLC) 
http://www.ghanagoldagents.net
Cash and Gold Balance
Buying GOLD via CIF has been made easy by our Foreign Trade partner for all gold buyers who need financial bridge for gold, through financial instruments for 100% CIF 
Our Foreign trade associates provides instrument for trade and investment such as: Facilitate foreign short and long term Loan, Facilitate financial instruments for trading and projects, DLC, BG, and SBLC etc.
We collaborate with the following financial Institution as the bank instrument Issuers:
Suisse Credit Bancorp CIBC (HK) Limited
Suisse Credit Capital
Dubai Bank of Kenya
General Equity Building Society (Private Banking)
A local Ghanaian Term Trade instruments institution shall provide guidance as the facilitator of the Banking Instrument.
Read Also: CIF Shipment to Buyers who can not come to Ghana for the prior meeting...

Ghana becomes Africa’s top gold producer

Ghana has become the largest gold producer in Africa, toppling South Africa in a recent data released by the World Bank.

The data copied to the media said Ghana exported 158 tonnes of gold in 2018, about 15 percent increase over the previous year.

Ghana has thus dethroned South Africa, which produced 139.3 tonnes and returned to the high volumes of the 1980s.

It said mining firms operating in the country include Newmont Mining Corporation, Gold Fields, Anglogold Ashanti and Asanko Gold.

It noted rural communities in four regions of Ghana currently affected by the environmental damage and pollution associated with destructive artisanal mining and logging practices are to benefit from a scale-up of the Ghana Forest Investment Program.

The World Bank approved this week an additional financing of US$19.39 million to the programme.

The programme is already implementing activities focusing on agricultural drivers of deforestation by working with cocoa farmers and communities to rehabilitate and protect forest reserves.

The additional financing operation aims at complementing these activities by piloting approaches to and benefits of reclamation of mining sites, which will reduce erosion currently polluting public watercourses and engage the private sector in plantation development to reduce pressure on natural forests.

China tops the global pact followed by Australia, Russia and the United States of America.

Source: Goldstreetbusiness.com

Gold bars available for sale through the Central Bank of Guinea


 Gold bars available for sale through the Central Bank of the republic of Guinea. The bank is located in the capital city of Conakry - Guinea. 
Image result for flag of the republic of guinea conakryTransaction is strictly FOB, Testing, Assay and payment shall be in the Central Bank
 Specifications:
Commodity           :  Gold
Origin                    :  West Africa
Form                     :  Gold Bar
Product-History   :  Clean, Clear, No Liens and Non-Criminal Origin
Delivery                :  FOB Conakry Guinea
Purity                    :  93.5% purity
Quantity                :  50 Kilos and above
Price                      :  Negotiable
Currency               :  USD
Payment                :  Full payment after Assay in Conakry at the Central bank of the republic of Guinea,. (Cash or Wire-Transfer)

PROCEDURE:

  • Buyer is invited to come, inspect the product, and conduct Assay in Conakry at the Central bank of the republic of Guinea. to the satisfaction of the buyer before payment.
  • Seller (the bank) is willing to assist buyer to ship the gold after payment.
BUYER INVITATION REQUIREMENTS:
The seller offers to assist with all necessary documents such as Letter of Invitation required by the consular of buyer`s country of origin, to secure Guinea visa from their respective country.

If you accept the above offer, kindly signify your acceptance by contacting us via the Contact Form at the top right corner.