On October 2, 2026, President Mamadi Doumbouya of Guinea issued a decree establishing a formal procedure for the exportation of refined gold and associated metals from the country. The new regulations aim to enhance traçability, fiscal control, and local valuation of precious resources. This move is expected to bring transparency and accountability to the export of these valuable commodities.
The Guinean government has designated the Office Guinéen d'Expertise de l'Or, du Diamant et autres Matières Précieuses (OGED) as the central office for processing export applications. Any authorized entity seeking to export refined gold or associated metals must submit a written request to OGED for evaluation and certification of the shipment's origin. This new process is designed to ensure that all exports are thoroughly vetted and compliant with regulations.
To be eligible for export, gold and associated metals must have been previously refined or affinés by an approved refinery located in Guinea. Exporters must provide a comprehensive set of documents, including the weight of the shipment, certification of refining or affinage, and reports on transportation and the final destination. Additionally, they must demonstrate proof of licit origin and regularity of the transformation process.
Upon receipt of a complete and compliant application, OGED will notify the Banque Centrale de la République de Guinée (BCRG) and the Direction Générale des Douanes (DGD) to facilitate the export process. The new regulations also specify that the operations of weighing, packaging, and sealing will take place at the refinery in the presence of multiple entities, including the owner, OGED, DGD, BCRG, and the Brigade Anti-Fraude des Matières Précieuses.
Once sealed, the shipments will be either escorted to the airport or stored in a secure facility for a maximum of 15 days before departure. The escort and convoying will be carried out jointly by the Douanes, BCRG, Brigade Anti-Fraude, OGED, and authorized security companies. Exporters are also required to pay the industrial or semi-industrial production tax before the shipment departs.
The new regulations also require refineries to submit detailed reports to four organizations: OGED, BCRG, Douanes, and the Laboratoire National de la Géologie. These reports must include information on the identity, origin, weight, and purity of the gold, as well as any technical losses incurred during processing. In cases where discrepancies are found during the final liquidation of rights and taxes, exporters have 72 hours to settle any outstanding amounts.
The Guinean government has also announced that the modalities for fixing and distributing fees collected by control services will be specified by a joint decree from the ministers of Mines, Finance, and the governor of BCRG. These authorities will be responsible for ensuring the full implementation of the new regulatory framework. The move is expected to increase revenue and improve the management of Guinea's precious resources.
Key points
- President Mamadi Doumbouya has formalized procedures for exporting refined gold and associated metals from Guinea.
- The new regulations aim to enhance traçability, fiscal control, and local valuation of precious resources.
- The OGED has been designated as the central office for processing export applications.
