How To Export Gold from Ghana
What is the meaning of exporting in Ghana? Export is the process by which goods manufactured domestically are sold to customers globally.
What are the requirements needed to export gold from Ghana?
As of May 22, 2025, the Ghana Gold Board (GoldBod) is the sole authority with the exclusive right to buy, sell, and export gold and other precious minerals from Ghana, particularly from the Artisanal and Small-Scale Mining (ASM) sector. this means the direct export of gold is now owned by the state, therefore to become a buyer you must go through the following steps.
Register a Ghanaian Legal Entity
You must establish and register a company in Ghana with the Registrar General’s Department—only legal entities are eligible for export licenses.
Secure a Gold Export License (Minerals Commission)
Apply through the Minerals Commission of Ghana, submitting documents such as:
Certificate of incorporation, company constitution, utility bill
CVs of key management, valid IDs, passport photos, TIN, business plan
The application process typically takes 2–3 months.
Fees include (approximate):
Application form: $250
Processing: $500
License fee: $10,000
Annual fee: $2,000
Valid for three years, renewable thereafter.
Assay and Export Permit via PMMC
Gold must be assayed and certified by the Precious Minerals Marketing Company (PMMC)—including assay report and export permit.
Licensed Gold Exporters must:
Notify PMMC at least two working days before the export.
Submit gold alongside declaration documents, packing list, and invoice.
PMMC prepares an assay report that’s shared with the Bank of Ghana, GRA Customs, and Minerals Commission.
Complete Customs and Regulatory Clearances
Certificate of Origin (from GEPA or Chamber of Mines) required.
Submit customs declaration via the Ghana Revenue Authority (GRA); gold must be sealed by PMMC and Customs at assay center.
Obtain Bank of Ghana approval—ensure foreign exchange compliance and repatriation via approved bank.
Adhere to New GoldBod Regulatory Framework
As of May 1, 2025, the Ghana Gold Board (GoldBod) is the sole authority governing the buying, assaying, and exporting of gold from artisanal and small-scale mining (ASM).
All previous PMMC/export licenses are invalid.
Exporters must be licensed by GoldBod—or act as approved off-takers—and be registered with GIPC if foreign-owned.
How Does Ghana Export Gold?
Sourcing the Gold:
Gold is sourced from both large-scale mining companies and small-scale miners.
Large-Scale Miners:
Large-scale mining companies (e.g., AngloGold, Newmont) may retain their direct export rights, but they must still coordinate with GoldBod for assay confirmation and export reporting.
Small-Scale Miners:
Small-scale miners are required to sell their gold to a GoldBod-licensed aggregator or directly to GoldBod. Foreigners are prohibited from directly buying gold from small-scale miners.
Assaying and Valuation:
All gold intended for export must be submitted to a designated assay center, managed or certified by GoldBod.
The assayer will test the gold to determine its purity and quantity, issuing a Purity Certificate.
The value is determined based on the London Bullion Market Association (LBMA) spot price on the day of the assay.
Documentation and Compliance:
The licensed exporter (or GoldBod) must prepare a full set of export documents, including:
Commercial Invoice
Packing List
Certificate of Origin
Bank of Ghana Exchange Control Form A2 (obtained from a bank)
Customs Declaration Form (submitted electronically via the Integrated Customs Management System, ICUMS)
Customs Inspection and Sealing:
A Ghana Revenue Authority (GRA) Customs Official, in the presence of a GoldBod representative, inspects the gold at the assay center.
The gold is sealed with the Customs Division’s seal, and the Customs Declaration Form is endorsed. Gold cannot be exported without these seals and full documentation.
Transportation and Final Clearance:
The sealed gold is transported to Kotoka International Airport (KIA).
All final documentation is completed with Customs officials at the airport before the gold is cleared for export.
The export value is then repatriated to Ghana through GoldBod’s designated bank accounts, in compliance with Bank of Ghana regulations.
What are the Top ten gold-exporting countries?
United States
Switzerland
United Kingdom
Australia
China
Russia
Ghana
Canada
United Arab Emirates (UAE)
South Africa
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