Frank Boateng
Managing Director and Co-Owner
Responsible for the trading desk, counterparty relationships and the company's regulatory filings. Direct contact for off-take discussions.
The company
JED-CONFRA GHANA LTD
Incorporated in Ghana in February 2015. Privately owned, self-financed, and run from Accra with a trading office in the Eastern Region.
- Registration
- CS557152015 Registered in Ghana, February 2015.
- Ownership
- Privately held Owned by Frank Boateng and Abubakari Abdulai.
- Offices
- Accra and Kwabeng Corporate office in Ga West, trading office in the Eastern Region.
Who we are
A gold desk that pays its own way, and a mining ambition that has not been oversold.
JED-CONFRA was incorporated in February 2015 and began trading gold in March 2019. The business today is aggregation: buying from licensed small-scale producers and licensed traders in the Eastern and Bono corridors, assaying and weighing in front of the seller, and moving sealed lots under contracted security.
The second ambition is mining, through a separate special purpose vehicle for each asset. We hold no mineral right today and the mining page says so in the first paragraph. A company that overstates where it stands once is never quite believed again, and in this trade belief is most of the balance sheet.
Leadership
Who you are dealing with.
Two owners, both reachable. A counterparty should never have to guess who stands behind a company before wiring against it.
Abubakari Abdulai
Co-Owner
Co-owner of JED-CONFRA GHANA LTD alongside Frank Boateng.
Record
The dates that matter.
- February 2015
- JED-CONFRA GHANA LTD incorporated in Ghana, registration number CS557152015.
- March 2019
- First gold trading licence issued. The desk begins buying.
- Eastern Region
- Trading office established at Akyem Kwabeng, opposite the Xtra Gold office, inside the buying catchment.
- Current
- Application for a Self-Financing Aggregator Licence from the Ghana Gold Board in preparation. Off-take partnership opened to foreign bullion and jewellery companies.
How we work
Three rules that have not changed since 2019.
- The seller sees the scale and the assay, always
- What is written on the ticket is what is written in the file
- A lot we cannot account for is a lot we do not buy
Come and see the desk.
Counterparties running diligence are welcome at Kwabeng. It is easier to judge a trading operation by standing in it than by reading about it.