PMMC: The Only Body Permitted to Grade, Assay, Value, Process, Buy and Sell Precious Minerals in Ghana

Nana Akwasi Awuah, Managing Director of PMMC (Precious Minerals Marketing Company), the authorised body, legally permitted to grade, assay, value, process, buy and sell precious minerals, and license agents in Ghana with extensive expertise and state of the art technology in determining the purity of gold, diamonds and other precious metals, discusses competitive advantages.

“We provide a very secure scam-free platform for trading in the sense that you are dealing with governments. The credibility is there and with that credibility, it gives the buyer the confidence that if anything should go wrong, he/she can always come back to the government. Government is not going to be extinguished anytime soon, it is a continuum. It will be there so long as the state of Ghana exists. The other advantage that we enjoy is that because of the number of years that we have been in this industry, we have a great deal of credibility, not only at home, but within the international community as well. When those who have been in the industry for long talk about dealing in gold, especially from Ghana, the first institution that comes to mind is PMMC. We have been in the system for over 4 decades, so we have a reputation both at home and beyond the shores of Ghana. Besides, because we are somehow regulators in terms of the fact that whatever is leaving will still have to come through us, it gives the buyer or the foreign investor the confidence to deal with us, because even if they were to procure from elsewhere, they would still have to come through us to be able to ship or export to a country outside Ghana. Lastly, we have a great network of dealers, or license buying agents, so sourcing the product is not a challenge because these agents by the terms of their license are supposed to purchase on our behalf. Whatever quantities that is being requested for is only a matter of talking to these agents to make those quantities available, and our network of dealers or license buying agents stretch all over the country. It is not restricted to any particular region”, says Nana Akwasi Awuah.

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