Gold Export Procedures

The gold to be exported shall be delivered by the Licensed Gold Buyer to PMMC (Precious Mineral Marketing Company) Ghana, premises by 9.00am for assaying on the day of export, if already smelted. Otherwise the unsmelted gold a day before the day of export.
PMMC shall issue an Assay Invoice, which will indicate the weight and the purity of the gold being exported.

The gold to be exported shall be sealed and secured in metal-wooden specie boxes on the day of export by PMMC in the presence of the following group of officers.
Ghana Custom Officials, PMMC Officials, The Licensed Gold Buyers who has requested for the gold export.

PMMC will complete the Bank of Ghana and Ghana Customs export documents on behalf of the licensed Gold Buyer.

The licensed Gold Buyer will be required to supply the full address and telephone number of the oversease destination for the export.

PMMC will be responsible to transport the gold to Kotoka International Airport, Accra for delivery to the Airline (currently KLM).

The Licensed Gold Buyer and the oversease Buyer shall be responsible for the Insurance and Airfreight charges of the gold to be exported.

The gold to be exported will be accompanied by the following documents:-

1. PMMC Assay invoice which will indicate:- Purity (i.e. Gold content), Quantity in ounces and Kgs, Value in both US Dollars and local currency.
The value of the gold will be based on the spot price of the London Metal Exchange (LME) on the day of export.

2 Bank of Ghana and Ghana Customs export documents

Funds in US Dollars representing the export value of the gold should be transfered to the PMMC account at the Bank of Ghana (i.e. The Central bank of Ghana), with the Licensed Gold Buyer noted therein as the beneficiary, prior to the export of the gold.
PMMC will provide the Bank transfer instructions to the exporter for the information of the oversease buyer to facilitate the transfer of funds.

PMMC fees for the export of gold are:- Shipment charges :- 0.5% of the export value of the gold, Assay charges:- $50.00 per bar of 5kgs, Smelting charges :- $20.00 per kg of gold, These fees are payable on the day of export of the gold.


contact:

Mr Reg Ofori
Waterhousegold Ltd
P.O Box CT 4588
Cantonments, Accra
www.waterhousegold.com
waterhousegold@yahoo.com