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.

 
 
Links:
  Sierra Leone Gold Export Procedure
 

1. A 24hr notice must be sent to the Manager or Director of PMT

 
2. On arrival, the gold assayer verifies gold export license and Bank statement
 
3. Gold export could either be in the form of dust or bars
 
4. An acidic test could be done if necessary to test for fake gold. Nitric Acid is used.
 
5. Gold weight is taken by the Gold Consultant or one of the Assayers in the presence of the exporter, the Mines Monitoring Officer and Customs Officer
 
6. The gold weight is entered into a ledger and the exporter signs as a form of confirmation
 
7. Calculation is computed using the specific gravity-(SG) method.
 
8. The London gold fix is applied to arrive at the final value
 
9. The 3% export duty levied on total value to generate the export tax
 
10. The gold is re-weighed in the presence of the Exporter, the Mines Monitoring Officer and Customs Officer.
 
11. Immediately after the re- weighing a photograph of the gold is taken for record purposes.
 
12. Immediately after the assaying, the exporter is mandated to pay the export tax
 
13. Having satisfied all parties , the gold is put in a wooden box, wrapped and signed by the Mines Monitoring officer, Customs Officer and the Director or Manager of PMT.
 
14. An internal gold certificate is prepared which is signed by the Director or Manager PMT
 
15. The documents are then forwarded to the Directorate of Mines (NMA) for vetting
 
16. Final signature for this gold certificate is the Minister of Mines and Minerals Resources or his designated representative.
 
17. The final signed gold certificate is handed over to the exporter with three copies to be distributed to the Mines Monitoring Office, Office of National Security and Customs Department at the airport.
 
     
     

 

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