At OSL Export, we turn precious metals into precious opportunities. As a leading gold export company based in Ghana, we pride ourselves on connecting the world’s finest gold reserves with discerning international markets. Our expertise and commitment to excellence ensure that every transaction is smooth, secure, and tailored to the unique needs of our clients.

Whether you’re a central bank looking to bolster your reserves, a jewellery manufacturer in search of the highest-quality materials, or an investment firm seeking lucrative opportunities, OSL Export has the golden touch your business needs. Our extensive network, stringent quality controls, and unwavering dedication to customer satisfaction position us as the preferred partner for gold exports.

Gold operations in Ghana are in two sectors: The first being the large-scale mining companies; the second the small-scale sector. PMMC is responsible for the small-scale, which comprises of individual, small and medium size mining companies.

Generally, any mining operation with concession up to 25 acres is considered a small-scale mine. PMMC purchases gold from small-scale miners and in turn exports abroad. PMMC already has an existing contract to sell its gold to an overseas gold refinery. However, applicants with favourable terms may be considered. Overseas buyers seeking to purchase gold from Ghana may contact other licensed gold buyers. However, any offers received from suppliers are to be confirmed with PMMC for advice on genuineness of the transaction.

Overseas Buyers of gold are strictly advised NOT to pay cash directly to any local suppliers of gold Payments for gold suppliers are made by Bank of Ghana. Regulations require that payment for gold suppliers are made by Bank-to-Bank transfer via Bank of Ghana (i.e. The Central Bank of Ghana).

The procedure for exporting gold by licensed gold exporters (LGE) in Ghana involves several steps to ensure compliance with regulations. The guidelines provided by the Minerals Commission aim to govern and streamline the export process. Below is an overview of the key steps:

⦁ Notification to PMMC:
– The LGE must inform the Precious Minerals Marketing Company Limited (PMMC) in writing about its export plans at least two working days before the planned weekly export.

⦁ Submission of Gold Ore to PMMC:
– The LGE submits the gold ore to be assayed by PMMC at a designated assay center.
– Declaration documents, Packing List, and Invoice are submitted along with the gold ore.

⦁ Gold Content Determination:
– PMMC determines the gold content of the submitted gold ore using an agreed-upon assay method.

⦁ Report of Analysis:
– PMMC prepares a report of the analysis of the gold ore and issues copies to the Bank of Ghana (BOG), Ghana Revenue Authority Custom Officer at the Assay Centre, and
the Minerals Commission.

⦁ Invoicing by PMMC:
– PMMC invoices the LGE for the assay at an agreed rate of 0.1% of the value of gold assayed.
– The LGE pays this fee to PMMC.

⦁ Inspection and Sealing:
– The Customs Official at the Assay Centre inspects and supervises the sealing of the assayed gold ore with the Customs Division’s seal.
– The Customs Official endorses the Customs Declaration Form.

⦁ Documentation at Kotoka International Airport (KIA):
⦁ The LGE completes the required documentation at Kotoka International Airport before exporting the assayed gold.

⦁ Export Conditions:
– Gold ore cannot be exported by LGE without the seals of the Customs Division and the PMMC.
– Full documentation must accompany the export.

⦁ Monthly Returns:
– LGEs are required to submit monthly returns to the Minerals Commission.

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