Avoid Fraud, Secure Your Investment, and Ensure Compliance with Ghana’s Gold Export Laws
Ghana is one of the world’s leading gold producers, attracting international buyers and investors seeking to engage in the purchase and export of gold. However, navigating the gold market in Ghana can be complex, with risks including fraudulent sellers, regulatory pitfalls, and financial losses.
At Clinton Consultancy, we specialize in due diligence, legal support, and transaction oversight to ensure that international traders buy gold safely and profitably while complying with Ghanaian laws.
Why Ghana’s Gold Market is Lucrative but Risky
According to data from the Ghana Chamber of Mines, gold exports rose from $6.23 billion in 2019 to $6.79 billion in 2020, driven by strong international demand. Despite this growth, small-scale gold production declined due to logistical challenges and regulatory changes, leading to increased fraud cases where traders lose millions due to lack of proper due diligence.
International buyers must follow a structured approach to avoid fraudulent deals and work with reputable Licensed Gold Export Companies (LGECs).
Key Factors to Consider When Buying Gold in Ghana
1?? Due Diligence on Gold Exporters (LGECs)
Before engaging with any Licensed Gold Export Company (LGEC), conducting due diligence is critical. This involves:
? Verifying the LGEC’s license status with the Minerals Commission of Ghana
? Checking the company’s transaction history, legal standing, and past disputes
? Ensuring that the LGEC has the necessary permits to buy, sell, and export gold
? How Clinton Consultancy Can Help:
- We conduct full legal and financial due diligence on any LGEC you wish to work with
- We uncover fraud risks before you commit funds to a transaction
- We prepare secure legal contracts that protect your investment
2?? Choosing the Right Payment Method
Selecting the safest payment structure is crucial to minimize risks of fraud or non-delivery. The most common payment options include:
? TT Wire Transfer (MT-103) – Direct bank transfer to the LGEC’s account
? Standby Letter of Credit (SBLC) – Ensuring secured payments upon delivery
? Escrow Account Payments – Using a third-party financial institution to secure transactions
? How Clinton Consultancy Can Help:
- We advise on the best payment method based on due diligence findings
- We oversee transaction security to prevent financial loss
3?? Third-Party Consultants & Legal Oversight
Many international traders fall victim to scams because they do not engage reputable legal and financial advisors before making purchases. Hiring a trusted third-party consultant ensures:
? Independent verification of gold’s authenticity and quantity
? Continuous monitoring of the transaction to prevent fraud
? Holding funds in escrow until all conditions are met
? How Clinton Consultancy Can Help:
- We act as your legal and financial watchdog, ensuring compliance at all transaction stages
- We audit LGECs throughout the process to prevent fraudulent practices
4?? Export Procedures & Compliance Requirements
Ghana has strict gold export regulations, and international buyers must follow the correct procedures to avoid losing their investment. The process includes:
? Pre-export notification to the Precious Minerals Marketing Company (PMMC)
? Gold assay certification by the PMMC to verify authenticity
? Approval from the Bank of Ghana and Customs Authorities before shipment
? Proper taxation and regulatory compliance to prevent issues at the port of export
? How Clinton Consultancy Can Help:
- We ensure all export procedures are followed according to Ghanaian law
- We liaise with the necessary government agencies to fast-track approvals
- We resolve any disputes that arise in the process
5?? Protecting Against Fraud & Financial Losses
Many international buyers have lost millions in fraudulent gold transactions, often due to:
? Fake or unlicensed gold exporters
? Gold shipments being seized due to non-compliance
? Sellers disappearing after receiving payment
? Undisclosed taxes and hidden costs leading to financial losses
? How Clinton Consultancy Can Help:
- We verify all documentation before payments are made
- We conduct real-time legal intervention if fraud is suspected
- We track and recover funds in cases of fraudulent transactions
Why Choose Clinton Consultancy?
? Licensed & Experienced Legal Experts – We have a deep understanding of Ghana’s gold export regulations and international trading laws
? Trusted by International Buyers – We have helped recover millions for clients who have fallen victim to fraudulent gold transactions
? Direct Access to Government Agencies – We work with the Minerals Commission, Bank of Ghana, EOCO, and Interpol to protect our clients
? Fast-Track Solutions & Dispute Resolution – We resolve disputes, recover funds, and ensure compliance
Avoid Scams – Work With Experts Before Buying Gold in Ghana!
Don’t risk losing your investment! Clinton Consultancy provides expert legal oversight, due diligence, and transaction monitoring to protect international buyers.
? Call us now: +233 27 252 2695
? Email: info@clintonconsultancy.com
We make sure that your gold purchase in Ghana is legal, safe, and profitable.
