Government Gold & Diamond Office Sierra Leone :: GGDO

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The Government Gold and Diamond Office ( 1985 in pursuance of government policy to rationalize the foreign exchange regime in Sierra Leone, is now the Gold and Diamond Division (GDD) within the National Revenue Authority (NRA). Functions of GDD are:

  1. the valuation of gold and diamonds for export; and

  2. the collection of export charges, taxes and royalties on behalf of the government.

GDDO has become extremely important since the UN Security Council Resolution 1306 of July 2000 on conflict diamonds. We now handle the certification of all diamonds exported legally from Sierra Leone. For administrative purposes it falls under the National Revenue Authority but its technical function is co-ordinated by the Mines Division. This GGDO Official website will soon be updated.

 

 
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  Procedure for Gold Exporters
 
1. Must hold a legitimate gold export license
 
2. Must give the PMTD twenty four hours notice for valuation to kick- start
 
3. Must show bank statement or inflow as evidence of source of money
 
4. Inflow or Bank statement should commensurate with export value
 
5. Thereafter, gold is tendered for assaying or valuation in the presence of the exporter, the Mines Monitoring Officer and the National Revenue Authority (Customs Officer).
 
6. Gold is then analysed to certify purity% in the presence of the Senior Mines Monitors, the Exporter and Customs Officer, National Revenue Authority
 
7. After the analysis, gold is then re-weighed to cross check.
 
8. Gold is then packaged and sealed in the presence of all
 
9. After the analysis a certificate is issued showing weight, purity%, name of license and license no, value of gold in Leones and USD and 3% export duty is levied as prescribed in the Mines and Minerals act 2009.
 
10. The certificate is signed by the Director of PMTD or Manager and Senior Valuer, the Minister of Mines and Mineral resources or his/her Deputy.
 
11. Three copies of the gold certificate are made available for officials at the International Airport.
 
12. Validity of certificate is a month after issue
 

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