Gold is a precious metal of high monetary value, sought after for producing coins, jewellery 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 2019, Ghana has produced over 1,290,000 ounces of gold, valued over $720.35 million.
In 1989 when the Ghana Government regularized small-scale gold mining operations in the entire country, it was estimated that about 60,000 to 80,000 ounces of gold previously produced by Small Scale miners were smuggled out Ghana yearly.
In 2014, the total gold mined by small-scale miners was about 1.49 million ounces, which represent about 34.2 per cent of the total gold mined in Ghana.
Largely, gold production in Ghana has fallen from 3.19 million ounces in 2013 to about 3.17 million ounces in 2014.
The mining sector in Ghana contributed 16 percent of Ghana’s revenue, with gold as the second largest foreign exchange earner for the country; in 2014, Ghana officially produced a total of 4.4 million ounces of gold.
Consequently, gold revenue, which accounts for almost 98 per cent of the mineral revenue, declined from about $4.7 billion in 2013 to about $3.7 billion in 2014.
prospective foreign gold buyers must desist from believing people who promise them Gold for the price Of Coffee. There is no Free Gold in Ghana. Please do not believe that you can get free gold from Ghana, it is never true. You will lose that money to dishonest-people. Many people have avoided this simple advice and adhered to a pattern of low-priced gold, there were duped by sophisticated fraud-artist posing as a genuine gold dealer.
The actual goal of the con-artist is to part you from your hard-earned cash, many of the gold frauds circulating worldwide start from Africa. Several criminal claims to be mine owners and have mining operations in nations like Burkina-Faso, South Africa, and Ghana, Africa's top producers of gold. The Tricksters always guarantee to be offering gold using the legitimate procedure and often offer a large quantity of gold at huge discounts.
Gold buyers and mints worldwide are tricking, as they search for genuine gold suppliers. Huge sums of monies are lost to the tricksters that run this sophisticated gold rip-off syndicate. The latest attractiveness of gold and the limited supply is forcing long time gold merchants to establish contact with new suppliers and connections, most of whom are crooked.
Please do not hesitate to contact me if you have interest in Gold or you know somebody that has a genuine interest in Gold and Diamonds. I can only guarantee a good Discount, World market price. In 2014, the total gold mined by small-scale miners was about 1.49 million ounces, which represent about 34.2 per cent of the total gold mined in Ghana.
Largely, gold production in Ghana has fallen from 3.19 million ounces in 2013 to about 3.17 million ounces in 2014.
The mining sector in Ghana contributed 16 percent of Ghana’s revenue, with gold as the second largest foreign exchange earner for the country; in 2014, Ghana officially produced a total of 4.4 million ounces of gold.
Consequently, gold revenue, which accounts for almost 98 per cent of the mineral revenue, declined from about $4.7 billion in 2013 to about $3.7 billion in 2014.
The complaint of Gold Shady deal from Ghana
The rate of complaint of the Gold con from Ghana because of upfront payment has greatly increased over the last two
decades. These trends should not continue, all stakeholders in the gold
business must come together to find a lasting solution to this menace.
Gold Agents should enter into the
Gold Business in a Genuine and transparent way as Agent. Small-scale miners
should appoint a recognized gold agent to act as their representative, in order
to achieve their quest for foreign investors that can collaborate with them to
procure mining equipment for their mining sites. Unregistered small-scale
miners should be discouraged from the direct sale to prospective foreign gold buyers;
this is to discourage fraudsters from taking advantage of the System. Unregistered
small-scale miners should be encouraged to register their company under the General
Minerals Commission of Ghana and operating in the areas of Minerals and
exporting.
WARNING!prospective foreign gold buyers must desist from believing people who promise them Gold for the price Of Coffee. There is no Free Gold in Ghana. Please do not believe that you can get free gold from Ghana, it is never true. You will lose that money to dishonest-people. Many people have avoided this simple advice and adhered to a pattern of low-priced gold, there were duped by sophisticated fraud-artist posing as a genuine gold dealer.
The actual goal of the con-artist is to part you from your hard-earned cash, many of the gold frauds circulating worldwide start from Africa. Several criminal claims to be mine owners and have mining operations in nations like Burkina-Faso, South Africa, and Ghana, Africa's top producers of gold. The Tricksters always guarantee to be offering gold using the legitimate procedure and often offer a large quantity of gold at huge discounts.
Gold buyers and mints worldwide are tricking, as they search for genuine gold suppliers. Huge sums of monies are lost to the tricksters that run this sophisticated gold rip-off syndicate. The latest attractiveness of gold and the limited supply is forcing long time gold merchants to establish contact with new suppliers and connections, most of whom are crooked.
Name: Mr Edwin Campbell,
Email: EdwinCampBell@ghanagoldagents.net
Location: Accra Ghana
Ghana PMMC
TASK
To trade cost-effectively in gold, diamonds, precious and semi-precious stones locally and internationally, efficiently produce quality jewellery through highly skilled as well as motivated staffs to guarantee customer satisfaction and augment shareholder value. In April 1989 the PMMC was charged with the task of promoting small scale gold mining Ghana.
SERVICES OFFERED BY PMMC
Precious Minerals Marketing Company Limited (PMMC) is a Limited Liability Company operating under the Companies’ Code, with the Government of Ghana as the sole shareholder. The authorized businesses of PMMC are:
- To grade, assay, value and process precious minerals;
- To buy and sell precious minerals;
- To appoint licensed buyers for the purchase of precious minerals produced by small – scale miners;
- To promote the development of precious minerals and the jewellery industry in Ghana.
- To do all such things as are indicated or conducive to the attainment of its objectives and functions.
- To export gold on behalf of third parties for a commission.
- Smelting Services
- Bullion Assay
- Refining Services
- 3rd Party Gold Purchases
- Export Service
- International Gold Buyer - Local Gold Seller Inter-mediation Service
- Vault Services. Valuation is done on the day of deposit.
Gold as a mythical commodity is used as a symbol of love, wealth, and power by ancient pharaohs, modern-day rappers and untold couples,
In the past decade, storefront shops began popping up around Silicon Valley and across the country as gold prices remained high and people turned their jewellery and other gold into cash during tough economic times.
"Gold's been around for thousands of years," said Foldvary, who holds gold mining stocks as a minor part of his own investment portfolio. "And gold remains implicit money. Central banks want to hold gold. China and Japan are increasing their gold holdings, so gold operations will continue...