What is Pmmc and gold?

What is Pmmc and gold?

PMMC Jewellery Ltd is the nation’s premier jewellery and the market leader in production and sales of jewellery. We produce contemporary and indigenous 18kt and 22kt gold jewellery using Ghanaian designs such as Adinkrah to market Ghana’s rich gold jewellery to the world.

How much is a gold license in Ghana?

Government Fees

Government Fees
Incorporation of the Company (General Trading) US$12,000
Registration of the Company with the Ghana Investment Promotion Centre (GIPC) US$6,000.27
License to Export Gold US$16,750

How can I export gold from Ghana?


  1. The LGE shall submit the gold ore to be assayed by PMMC at a designated assay center, together with all Export documents.
  2. The PMMC shall assay the gold ore presented by the LGE using the appropriate assay method as agreed by the LGEs, Minerals Commission and the PMMC.

How do I start a gold business in Ghana?

Gold Licensing

  1. Interested companies should be a limited liability company duly registered in Ghana.
  2. Present copies of the following:
  3. Certificate of incorporation.
  4. Certificate to Commence Business.
  5. Form 3 and 4 from Registrar General.
  6. Utility Bill.

What is the meaning of PMMC in Ghana?

Precious Minerals Marketing Company, PMMC, was first established in 1963 as Diamond Marketing Board with the sole responsibility for the purchase and marketing of Ghana’s diamonds. The mandate was to purchase and export minerals such as Gold and Diamonds from small scale miners.

Who is the CEO of PMMC?

Roger Shaul
Roger Shaul serves as the CEO / President of PMMC.

Do you need a license to buy gold in Ghana?

Registering for a gold buying and export license is required for all persons interested in trading in gold in Ghana. One of the mineral resources that is available to the nation is gold.

Can you take gold out of Ghana?

It is imperative to note that, in Ghana, an individual need a license to buy and deal with minerals. Therefore, the export of gold out of the jurisdiction of Ghana can only be done under a license by an entity. This is regulated under the Minerals and Mining Act, 2006 (Act 703).

Do you need a license to sell gold in Ghana?

How much is 1kg gold in Ghana?

Ghana Gold Rate Today

Quantity 24K Gold Rate 22K Gold Rate
1 Sovereign GHS 2,072.95 GHS 1,900.00
10 Tolas GHS 30,223.09 GHS 27,701.53
1 Ounce GHS 8,059.49 GHS 7,387.08
1 Kilogram GHS 259,118.60 GHS 237,500.00

How do you become a gold seller?

To be a gold dealer, one has to find gold to buy. Doing this can be accomplished by asking your friends and family, placing ads in traditional print media like newspapers or online message boards, and generally letting your community know that you purchase gold coins, jewelry and scrap gold.

What is the meaning of PMMC?

A permanent magnet moving coil (PMMC) is one such instrument that is popularly used onboard and has several applications. The other popular nomenclature of this instrument is D’alvanometer and galvanometer.

Who is the Ghana precious minerals marketing company?

Precious Minerals Marketing Company (PMMC) Ltd was established in 1963 as Ghana Diamond Marketing Board charged with the sole responsibility for the purchase and marketing of Ghana’s diamonds. In 1965, by Legislative Instrument (LI) 401, the Company was incorporated as a State Owned Enterprise (SOE).

How to become a third party gold dealer in Ghana?

To be able to act as a third party gold dealer in Ghana, the requirements are as follows: Interested companies should be a limited liability company duly registered in Ghana Present copies of the following:

Where is the PMMC building in Accra located?

The Company is located in the Diamond House building in Accra situated on the Kinbu Road adjacent to the Registrar-General’s Department and next to the Ministry of Foreign Affairs.

What is the value of gold in Ghana?

Gold is a precious metal of high monetary value, sought after for producing coins, jewelery and other artifacts. Ghana is a major producer and exporter of gold as a major foreign exchange earner for its socio-economic development. Between 1989 to 2018, Ghana has produced over 1,250,000 ounces of gold, valued over $620.35 million.

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