Skip to main content

Gold Licensing

Diamond Licensing

Acquisition of Gold License

To be able to act as a third party gold dealer in Ghana, the requirements are as follows:
1. Interested companies should be limited liability companies duly registered in Ghana.
2. Present copies of the following:
– Certificate of Incorporation
– Certificate of Registration (Sole Proprietorship)
– Company Profile
– Beneficial Ownership Profile
– Current Utility Bill for location of Registered Company
– Valid ID Card (Ghana Card)
– Two (2) passport size photo
– Application Letter
3. Download, complete and submit PMMC Application form

Download Gold License Forms

Cancellation of Gold License

A breach in any of the following will lead to a cancellation of license:
1. Making any false statement about your operations with the license which you know or ought to have known to be false.
2. If you export gold through any entity other than an accredited Licensed Gold Exporter LG or Licensed Gold Purchasing Company.
3. If you are involved in any illegal transaction using the license.
4. Purchasing gold from only some selected local winners.

PMMC 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.

Acquisition of Diamond License

Procedures for Local Licensed Buying Agents

1. The interested company should be a limited liability company duly registered in Ghana.
2. Present copies of the following:
– Certificate of incorporation
– Certificate to Commence Business
– Form 3 and 4 from Registrar General
– Resident Utility Bill
– Valid ID Card (Any of these: Voter ID, Driver’s License, Passport, National ID)
– Two (2) Passport Size Photo
3. Download, complete and submit PMMC Application form

Download Diamond License Forms

Procedures for the Purchase and Export of Diamonds

1. Interested Companies are required to send applications to PMMC for a license to purchase rough diamonds in Ghana
2. PMMC will make available the requisite forms for the license. The form is to be completed and returned.
3. The receipt of a satisfactory due diligence report will entitle the company to a license.
4. Companies issued with a license will be provided with a furnished office on the first floor in the Diamond House building in Accra, Ghana.
5. All purchasing of rough diamonds must be done in the office of Diamond House.
6. Companies issued with licenses will be required to have a Diamond Valuer who will be resident in Accra, Ghana to purchase the rough diamonds on their behalf, directly from the local winners and companies.
7. Funds for the purchase of the diamonds in Ghana are to be transferred from the license holder’s bank to a designated bank by PMMC before the commencement of purchase
8. Rough diamonds are not to be purchased by direct cash payments but through Bank-to Bank payments. PMMC will pay the winners based on invoices presented by the LBCS.
9. Rough diamonds purchased by LBCS will be secured in metal specie boxes at the end of each working day, to be kept in the PMMC vault.

10. Exports of the rough diamonds purchased will be undertaken by PMMC upon a written request by the license holder to the designated overseas address given by the license holder. All rough diamonds purchased must be paid for before export.

11. PMMC will complete all the required export documents and organize the sealing of the parcel on behalf of the license holder
12. All rough diamond exports will be subjected to pre-shipment inspections.
13. The diamond to be exported will be accompanied by the following documents:
– Packing list
– Ghana Kimberly Process Certificate
– Airway bill
– Invoice indicating quantity in carats and value in both US Dollars and Ghana Cedi
– Bank of Ghana and Customs Export documents
14. PMMC will be responsible for delivering the parcel to be exported to the Airline at the Kotoka International Airport, Accra.
15. PMMC charges an export fee of a two-point percent (2.3%) on the value of rough diamonds to be exported.
16. The exporter must give a day’s advance official notice before export.

Cancellation of Diamond License

A license may be cancelled or revoked for any of the following offences.

  1. Unsatisfactory due diligence report on the Company
  2. Inactivity of the license holder for a period of one month without prior notice to PMMC
  3. Purchasing diamonds outside the Diamond House Office.
  4. Purchasing diamonds from only some selected local winners
  5. Using the office allocated for purposes other than the purchase of rough diamonds.

PMMC 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.

WeCreativez WhatsApp Support
Our customer support team is here to answer your questions.
Welcome to PMMC