Our Services
How CIDEL facilitates
Your Gold Trading in Ghana
the provision of key services for the
international gold trader which include;
1.
Due Diligence
Due diligence on the current state of both the Seller (Goldbod) and Buyer. Due diligence involves the level of care or judgment exercised before beginning a commercial relationship. It involves a comprehensive appraisal to deal with all risks associated with the potential trading parties. CIDEL will identify potential risks associated with the intended trade and provide expert advice or a solution to avoid such risks as the case may be.
2.
Payment options
CIDEL will evaluate various payment options with the International trader to identify which payment option mitigates losses and is feasible and safe. In general, the payment options available to foreign traders for transactions with the Ghana Goldbod include:
- TT Wire Transfer (MT-103) to the designated account of the Ghana Goldbod
- Payment via SBLC/SLOC
- Escrow Account payment involving the opening of an account by the international trader with the sellers’ bankers and the issuance of instructions by the international trader for payment upon satisfactory evidence of assay report from the seller (Goldbod).
3.
Oversight & Compliance
As Consultants, CIDEL will undertake a situational due diligence for every transaction on behalf of the International trader as well as oversee the successful implementation of the transaction at all material times. usually, CIDEL will checklist the Goldbod to ensure that the agreed terms in the Sales & Purchase Agreement (SPA) are always adhered to.
Also, during the transaction phase of the agreement, CIDEL shall undertake continuous due diligence to identify inadvertent risks associated with the business and recommending a timely solution to mitigate losses on the part of the international trader. Finally, in certain circumstances, the international trader can make use of CIDEL to hold the funds intended for the Goldbod and release payments only on the fulfilment of the agreed terms of the SPA.
4.
Export Advisory
Export of gold and the role of key institutions: in addition to the Goldbod as the sole exporter of gold in any transaction, CIDEL will advise the international trader on the roles of other notable state institutions in any export transaction including the Ghana Revenue Authority Customs Division, the Minerals Commission, the Bank of Ghana (Central Bank), etc.
5.
Discount Negotiation
Allowable discounts: CIDEL will play a key role to compliment the efforts of the International trader to negotiate for a good and reasonable discount on gold purchase transactions with the Goldbod at all material times.
Our knowledge of the market coupled with good contacts in the industry will go a long way to enable us negotiate good discounts for our international trading clients.
6.
Commission Rate
Payable commission to CIDEL: depending on the size of the transaction, CIDEL charges commission in the range 0.5% – 3%. In effect, to ensure a smooth and successful transaction, our charges are always negotiable.
Useful Links
Contact Info
- 100 University Farms Road, Nmai Dzon, Accra, Ghana.
- +233-541-73-5625
- sales@cidelgh.com
- Mon - Sat 09:00 - 17:00
