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If you export gold through any entity other than an accredited Licenced Gold Exporter LG or Licensed Gold Purchasing Company. If you are involved in any illegal transaction using the licence. Purchasing diamond from only some selected local winners

From 1989 to 2009, Ghana has produced over 850,000 ounces of gold, valued million Gold purchases and exports in Ghana are handled by the Precious Mineral Marketing Corporation (PMMC) on behalf of licensed sellers/suppliers to

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).

The Bank of Ghana in 2016 announced PMMC as the sole exporter of gold but was forced to revoke the license because of some corrupt activities. PMMC is a limited liability company operating under the Companies'' code, with the Government of Ghana as the sole shareholder.

Canadian Bullion is one of Canada''s leading precious metals dealers. Based in Toronto, the company has over 20 years in combined experience in precious metals. We are committed to educating investors and the website is an excellent source of free information and research on gold and silver investments.

gold. The Minerals Commission granted the extension of the license on 23rd April, 2014 when in actuality, per the activities of Miramex Ghana Limited now, the PMMC is the mandatory body to provide ...

May 10, 2019· Obtain a license. In the you need a license to buy and sell gold in order to be a scrap gold buyer. If you buy and sell without a license you are in violation of your state''s laws. First you will need a general business license that you can obtain from .

Aug 15, 2011· The Better Business Bureau advises sellers to pay close attention to how their gold is being weighed: Jewelers value gold not by the ordinary ounce (28 grams) but by the Troy ( grams).

Mar 30, 2020· A seller''s permit and a resale certificate are two different things. Businesses often buy products or materials for resale purposes. For example, a retail business may buy snacks from a wholesaler to sell in their store. These purchases are not taxable in some states; the tax is paid when the retailer sells the snacks.

Buy Sell Gold. We are a Ghanaian Gold Dealer located at the Kotoka International Airport in Accra. We Buy Sell gold bars from all mints and of all sizes and purity. Gold Export. We are strategically located to offer a complete professional and efficient service throughout all major global trade routes.

pmmc loses license to export gold. the bank of ghana bog has revoked the export license of the precious minerals marketing company pmmc, a company that exports gold and other minerals. this was confirmed by the chief executive officer kojo opare hammond on the citi breakfast show. as at now, we are not doing shipping of gold.

(3) Full payment will be made into Seller''s nominated bank account after Assay. (4) After Assay the Gold will be kept in the Security custody pending payment. (5) After receipt of payment for documentation, Seller will release the Gold to the shipper for export. Yours faithfully, MR. KENNEDY ACHEAMPONG. Company Name: PERFECT GOLD COMPANY LIMITED

"Certainly, it is because, you cannot trade, buy, sell or trade in gold without a license from PMMC and I can say emphatically that as we speak to you now they do not have a license from PMMC," Mr Hammond stated. On whether Menzgold could trade under a license from the Minerals Commission

Gold and Diamond Scammers List 2020 Updates AFRICAN GOLD AND DIAMONDS SCAM LIST: Passport: 2013: In Box: click on thumbnails for full image ...

Mar 20, 2012· These so called dealers often claim to be registered with government agencies such as the Precious Mineral Marketing Company (PMMC) in Ghana in order to gain the trust of potential victims.

Minerals Limited is an ideal and secure private Gold Trading and Export Company in the industry, enabling investors to buy and export precious metals with confidence and total security. We will walk you through a simple procedure for potential gold exporters.

The Mining industry of Ghana accounts for 5% of the country''s GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana''s mining and minerals development industry remains focused on gold. Ghana is Africa''s largest gold producer, producing t in 2008.

It is not your own gold because you have either mined it or have purchased it. In both the cases you will as a trader or miner need appropriate permits to do it. The best way to get this going is to approach PMMC to give you the necessary permit t...

Business Taxes . Businesses come in all sizes — from large multinational corporations to sole proprietorships. This page has the information you need to fulfill .

Under certain circumstances, a dealer is required to file a form 1099B with the IRS to report proceeds paid to a noncorporate seller of precious metals. This helps the IRS determine whether the sellers have properly reported this income on their tax returns.

Today can report of a raging dispute between the Minerals Commission of Ghana (MCG) and the Precious Mineral and Marketing Company (PMMC).. The fight, Today gathered, is as a result of the Minerals Commission''s decision to "secretly" extend the license of Miramex Company Limited, a minerals marketing company owned by one Maged Kodaih, a Lebanese national, to export and .

Aug 09, 2018· The Precious Minerals Marketing Company (PMMC) has lost the rights to license gold exporters and it is not the body to authorise the operations of Menzgold, a .

Nov 18, 2018· License to Buy and Export Gold. 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).

You asked if any states license jewelers and coin dealers and, if so, for a sample of their licensing fees and regulations. For a summary of regulation of pawnbrokers, see OLR Report a summary of retention periods for precious metal dealers, see OLR Report 2008R0545.
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