Welcome to Canadian Ghana Gold
Canadian Ghana Gold is a website is dedicated to showcasing the unique connection between Canada and Ghana through the rich history of gold mining and cultural exchange. Join us on a journey to discover the untold stories and beauty of these two nations.
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This gives a buyer a few options on what we can accept to secure the order before we ship at seller's own cost to a buyer's destination.
NOTE: It's never a about any upfront payment. We never ask any upfront payment. A buyer never pays for any gold until AFTER the final assay. In order for us to absorb and pay ALL the shipping cost in CIF to deliver the gold to the buyer destination refinery the seller asks the buyer's bank or buyer to open a Escrow joint account in Dubai with a 10% deposit to secure the order.
FCO NOTE: Any buyer that will issue any bank instrument to purchase gold must submit FIRST the verbiage of the bank instrument from his or her bank. The bank instrument verbiage must have the name of the bank on letterhead, signed and stamped by a bank officer. Buyer sends verbiage to seller to show that he or she has the capability to purchase gold on a bank instrument. Once the seller and his bank reviews the verbiage the seller will issue an FCO to the buyer.
LBMA Discounts: We give a 3% Discount off LBMA for orders from 350kg to 1000kg. No LBMA discounts for orders UNDER 100kg. For orders from 1kg to 299kgs we are selling the gold at the Gross Wholesale price to buyers. If buyers want a 3% discount off LBMA the order MUST be 350kg or more.
NEW FOB Orders To Have Gold Moved To Dubai:
Buyer to come to Uganda or Nairobi Kenya or Guinea or Senegal or Ghana then buyer can test and move 50 or 100 kilos to Dubai.
I will get buyer visa
Buyer already on ground in Ghana not acceptable.
This service there is no upfront payment.
CIF Orders Gold In Dubai: Escrow Account
CIF There is no upfront payment to the buyer flying down to Dubai for a Trail of 200kgs.
Contract to be signed after face to face interaction between the buyer and after completing all the documentation part in Dubai. Next delivery will be for 200kgs.
Assay can be done inside the airport or Bank.
Price $80.000 USD (Fixed Price/ No discount): Commission $3000 (split equally between the media from both the sides)
Please Note: This offer is applicable only to the buyer visiting Dubai for this deal. The buyer visiting Dubai has to send his passport copy and flight details to the seller for identification. Once the documents are received the seller will send the MOU to the buyer to sign and return the document before his arrival in Dubai.
Also As I have said, we have Gold available in Guinea!! Senegal.. Uganda Kampala.. Kenya Nairobi.. Ghana.
Documents:
Many times we get brokers and mandates that will ask the seller to send very sensitive documents proving the seller's business. Sensitive documents are only given once a buyer signs a contract and has open paid 5% of the logistic cost. Once they have done that then the seller can send the sensitive documents by Fedex or DHL to the buyer office for proof of the seller gold business.
We give a few options below for buyers to secure the order.
Here you will find all our procedures on how the seller sells his gold.
Price 80.000 USD per a kilo
Carat 23
Origin Ghana
Trail 10kgs -50kgs
Discount 10%
Trail large quantity Shipments 100kgs to 500kgs logistics money 5%
Small Trial Orders: Soft quote 1kg CIF is $3200usd. 10kg is $32.000usd.
A buyer can use a MT103 for paying the shipping cost to the shipper company account to have the gold sent to buyer destination.
The buyer can also use a TT wire transfer to the shipper company account to have the gold sent to the buyer destination.
TT wire final payment to seller account after final assay.
NOTE: Buyer also deducts the shipping cost after final assay. Buyer loses nothing.
Seller will choose bank account for 1kg. 10kg seller will use company gold account to receive up front payment. Buyer will deduct shipping after final assay and pay seller the rest.
GRAM TRAIL ORDERS
1 gram is $43usd,100 grams is $$4,300usd.
Buyer pays upfront $2300 and after he receives 100 grams he can pay the balance ($2000) to seller account.
Note: Prices will vary depending on quantity purchased.
Trial Orders: Trial orders with Dubai bank can start at min of 200kg and up.
Buyer and seller lawyer will use Escrow account and buyer places 10% into escrow account in Dubai.
Commission Structure: $1000 per kg to agent on sell side. Sell side closed.
We can afford to be pay one agent on the sell side that will represent a seller.
Buy Side Commission Structure: If Buyer mandate wants Seller to include commission in the sale, buy side will have to add commission cost into the cost to the buyer. We will add to the cost to compensate the buyer mandate from sell side.
Buyer Mandate is responsible to pay the commissions to its brokers if involved in the deal.
Seller’s Discount From 350kg or more: We give discount according to London market price and is always in the favor of the buyer.
These discounts only apply from 350kg to 1000kg orders.
We always work from the market price to whatever the price is on the market at contract time.
Bank Instruments:
No bank instruments accepted at this time.
2%Penalty For Delay Delivery:
If seller does not deliver the order within 21 days to buyer refinery the seller bank will give a 2% penalty for every day of delay delivery to buyer bank.
We Accept Escrow Joint Accounts In Dubai:
200kg Minimum Order:
Buyer comes to layer office in Dubai and opens a joint escrow account with seller financier (lawyer) with Dubai Bank.
Buyer puts from 10% of the money in account of 200kg or more to secure the order. Then AFTER the final assay report then buyer take pays the seller's account and claims ownership of the gold. Deal done.
For larger orders like 300kg to 2000/kg price is $50.000/kg.
Buyer Pays Shipping Cost/Buyer Deducts Shipping Cost:
Buyer pays shipper in Ghana and seller will ship to buyer’s
destination refinery. This is like a door to door delivery.
Buyer pays 8% of the value of the gold per kg shipping cost to seller shipper to ship to buyer refinery by UPS, Emirates Skycargo or DHL Ghana or by M&C Group. Min orders can be from 1kg to any amount.
Example Only: 1kg at $48.000 per kg = $48.000 / 8% = $3840 that the buyer will have to pay the shipping company in order for the shipper to ship 1kg to the buyer refinery.
After the final assay report at buyer refinery the buyer will deduct shipping cost of the gold that he paid to the shipper company in Ghana and pay the seller the remaining balance of the gold direct to seller bank account in Ghana.
GOLD EXPORT CHARGES
Total Export Percentage: 4.8%
Withholding Tax: 1.5%
PMMC levy: 0.25%
Minerals Com. 0.20%
Insurance: 1%
Agent Fee. 1%
Handling & Miscellaneous: 0.85%
Cost Sharing:
A buyer can come to Ghana by invitation letter to see the seller.
Buyer cannot be already in Ghana or a citizen of Ghana.
He must be invited by the company.
There the buyer can see the gold and seller and all documents
If buyer wants gold at his refinery then the seller and buyer share
with the shipping charges and the seller will send his son or daughter to accompany the gold to the buyer refinery.
FOB Procedures:
Buyer comes to Ghana
Buy gold Dore bars in 5kg/ 10kg /20kg/ 30kg /40kg/ 50kg up to 100kg.
Price: $80.000/kg
For all FOB orders from 5kg up to 100kg are Cash and Carry
1.Buyer sends a copy of his passport and his flight schedule to seller.
2.Seller sends invitation letter to invite buyer to see him and the gold.
3.Buyer and seller signs contract face to face at seller company.
4.Seller and buyer moves the gold to the refinery there in Accra of
buyer’s choice for assay testing with buyer.
5.Buyer and seller are present to witness final assay.
6.After assay buyer pays seller for gold by wire transfer.
7.Then buyer takes gold back to his country.
8.Deal done.
ADDED NOTE: Buyer pays all security charges and transport cost to move the gold to refinery. Buyer will deduct all shipping cost after final assay report and pay seller the remaining balance.
Number 1 and 2 steps is the most important for the buyer to do.
Contract is signed face to face in Ghana at seller's company.
FOB BUYING FROM SELLER REFINERY (BENKOTEC)
What we are going to do this year is sell from our seller's refinery (Benkotec refinery) buyer can purchase gold from them.
We realized that many or most buyers can't do CIF where bank instruments are involved meaning that buyers fail to go to their bank or ask for a verbiage application form signed and stamped by a bank manager and submit it to the seller.
The easiest method is FOB orders where the buyer comes to Ghana and sees the seller and the gold at the refinery and purchases it directly from Benkotec refinery.
This is only by invitation letter. If a buyer wanted to come and see the seller he will send an invitation letter to the buyer first.
Buyer can't be in Ghana already. That is one of rules the company has set by the family
If you are a buyer and want to purchase gold all you have to do is send the seller a copy of your passport and flight details. Then he will send invitation to you the buyer and will meet him or the rep at the airport in Accra Ghana.
Then from there you can conduct business face to face and see whatever documents you need and purchase the gold and export it back to your country.
IMPORTANT NOTE: The buyer CANNOT be already in Ghana or a citizen of Ghana. They have to be invited by invitation letter to come to Ghana to see the seller. Company and family policy.
ADDED NOTE:
Our shipper agent delivers gold door to door delivery service Ghana to Dubai or other country.
Buyer takes care of the export documents cost a kilo $3200
The export documents money still part of my money on the price given to you $80.000usd per a kilo.
During final payment after assay at the buyer refinery
The buyer will deduct the export documents money and wire me my balance direct to my bank account in Ghana
Price $80.000 USD per a kilo
Carat 22+
Origin Ghana
Trail 10kgs -50kgs
Discount 10
Trail large quantity Shipments 100kgs to 500kgs logistics money 5%
Ones agreed kindly provide your shipping address including your full name to enable me issue u proforma invoice and next is the delivery to your destination as soon as the logistics money is confirmed
This service is door to door 🚚 24hours to 48hours at most!!
Note No Airline accept to deliver Gold for free or later u pay since after COVID
Again, Ghana government do not issue export documentation for free U can do your DD.
Brinks:
Buyer does the testing of the gold there in Ghana at anyone of these refineries listed here and pay seller after final assay then Brinks company can pick up the gold and deliver to buyer destination. If the buyer agrees to do this then seller will use Brinks to deliver to buyer destination AFTER the gold has been paid to seller account.
Accepted Refineries:
Sahara Royal Gold Refinery
A.A MINERALS
PMMC
Bullion City Refinery
Italtec Refinery
M & C Group - Refinery and Gold Export
POP:
If a buyer wants POP please contact us for further information and instructions to get POP
10kg Collateral:
We can also put up 10kg gold as collateral to the buyer.
There are buyers that do not want to pay for shipping cost to have
gold shipped to them.
The seller will put 10kg up for collateral in the buyer's name and in
the seller's name with an agreement between them with a security company government licensed or a bank there in Ghana.
The buyer or the receiver of the gold who want to be assured
that the seller has gold, seller is willing and able to give collateral
of 10kgs gold and the collateral can be deposited in the bank or well known security company with government LICENSE as said.
On NO ACCOUNTS Seller or buyer has access to the bank or security company where the collateral 10KG is deposited to take out any gold without the full authority of Party A or Party B.
When the buyer pays for the export cost the seller releases the gold to the buyer destination as per the agreement that was made between them.
If the seller does not release the gold to the buyer after he paid the
export cost the buyer has the right to the gold and the gold is release to him as stipulated in the agreement.
This helps buyers have confidence and trust that the seller has
gold and also will prove that the buyer has money to buy the gold from the seller.
10kg Collateral FOB:
Buyer must come to Ghana for all FOB orders by invitation letter.
Bitcoin, TT wire Transfer and MT103:
Bitcoin is on the rise and many gold sellers are accepting Bitcoin as payment for gold. The seller will allow Bitcoin payment wallet if a buyer decides he wants to use Bitcoin as a payment for the gold.
A buyer can use a MT103 for paying the shipping cost to the shipper company account to have the gold sent to buyer destination.
The buyer can also use a TT wire transfer to the shipper company account to have the gold sent to the buyer destination.
Final payment can be TT wire to seller account after final assay.
Bitcoin, TT wire transfer and MT103 is accepted as payment.
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