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Trade Procedures --- GhanaianGold.com
  1. The gold to be exported shall be delivered by the Licensed Gold Buyer to PMMC premises by 9:00 a.m. for assaying on the day of export, if already smelted. Otherwise the gold will be smelted on the day of export
  2. PMMC shall issue an Assay Invoice, which will indicate the weight and the purity of the gold being exported
  3. 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 Buyer who has requested for the gold export
  4. PMMC will complete the Bank of Ghana and Ghana customs export documents on behalf of the licensed Gold Buyer
  5. The Licensed Gold Buyer will be required to supply the full address and telephone number of the overseas destination for the export
  6. PMMC will be responsible to transport the gold to Kotoka International Airport, Accra for delivery to the Airline (currently KLM)
  7. The Licensed Gold Buyer and the overseas Buyer shall be responsible for the Insurance and Airfreight charges of the gold to be exported
  8. The gold to be exported will be accompanied by the following documents
    • PMMC Assay invoice which will indicate
    1. Purity (i.e. Gold content)
    2. Quantity in ounces and Kgs.
    3. Value in both US Dollars and local currency
    Note: The value of the gold will be based on the spot price of the London Metal Exchange (LME) on the day of export
    • Bank of Ghana and Ghana Custom export documents
    • Airway bill
  9. Funds in US Dollars representing the export value of the gold should be transferred 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 overseas buyer to facilitate the transfer of funds
  10. PMMC fees for the export of gold are:
    • Shipment charges - 0.50% of the export value of the gold
    • Assay charges: $50.00 per bar of 5 kgs
    • Smelting charges: $20 per kg of gold
    • These fees are payable on the day of export of the gold

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