The mining industry of Ghana accounts for 5% of the country’s GDP and minerals make up over 37% of total exports of which gold contributes over 90% of the total mineral exports. Thus, gold remains the focus of Ghana’s mining and minerals development industry. Ghana has twenty-three large scale mining companies and over three-hundred registered small-scale mining groups and ninety-nine support service companies.
Gold trading in Ghana began from ancient history in the Trans-Saharan gold trade and the country was once known as Gold Coast. With gold export bringing in about 48% of Ghana’s revenue through mineral royalties, employee income taxes, and corporate taxes, it is an area of high national interest. Gold is popular as an investment and investors buy gold as a means of diversifying risk; especially through the use of future contracts and derivatives.
The gold market is volatile that is, liable to change and as such finding a trend keeps one in the lead. A considerable amount of resource will have to be allocated to looking into the foreign market and modifying the products to meet demand and regulations.
On these notes MARVELOUS ‘D’ COMPANY LTD has obtained PMMC license to buy and sell and source for (gold, diamonds) and other precious metals from other sources