Morning Start Gold & Minerals Mines Co. Ltd (MSGMM)

Who We Are About MSGMM Advancing authentic, responsible, and sustainable gold mining across Ghana and the West African region.

Our Story

A Legacy Built on
Trust & Excellence

Morning Star Gold & Minerals Mines Company Limited (MSGMM) is a Ghanaian-registered and fully licensed mining and mineral services company, operating under the Minerals Commission of Ghana. We provide comprehensive solutions across the mining value chain, serving clients throughout West Africa and beyond.

Our core operations span alluvial and colluvial mining, as well as surface and underground hard rock extraction. Beyond extraction, we offer:

MSGMM is committed to operating with integrity, adhering to the highest ethical standards, and promoting sustainable practices at every stage of our work. We also serve as a strategic link between investors, developers, and policymakers - fostering partnerships that drive sustainable economic growth across the region.

Our Mission

To ensure environmentally safe and sustainable mining practices, delivering high-quality minerals to our global end users.

Our Values

Integrity, Transparency, Safety, Community Development, and full compliance with Ghana's Minerals Commission regulations.

Our Vision

To become a trusted global hub for authentic minerals — serving reserves, jewelers' markets, suppliers, and individual investors — while unlocking long-term value across the international minerals value chain.

Sustainability

We invest in responsible mining practices, land reclamation, and environmental stewardship to protect Ghana's natural heritage.

Backed by a leadership team with over three decades of combined experience in mining and commodities trading, we deliver reliable, innovative, and proven services tailored to the needs of our partners.

Technical Excellence

& Industry Expertise

Morning Start Gold & Minerals Mines Company Limited (MSGMM) is built on strong technical capability and deep, hands-on experience within the mining sector. Our strength lies in a diverse team of highly qualified professionals - including mining and mineral engineers, environmental specialists, geomatics experts, equipment professionals, and social impact practitioners - who work together to convert complex operational challenges into practical, measurable results.

Drawing on broad industry exposure, continuous research, and advanced technical insight, our team carefully evaluates each client's needs alongside site-specific conditions and operational realities. This structured approach allows us to develop tailored, efficient solutions that align with project goals, regulatory frameworks, and the demands of the field.

For every assignment, MSGMM applies the right mix of expertise, modern technology, and skilled personnel to ensure successful delivery. We execute with precision — meeting defined objectives, staying within scope and timelines, and upholding the highest standards of professionalism and quality. When you work with MSGMM, you work with a team that takes ownership of outcomes, not just processes.

Understanding Gold Board Regulations

In Ghana, the gold trading sector is regulated to ensure transparency, accountability, and national economic benefit. The Gold Board framework - working in alignment with the Minerals Commission and other regulatory bodies - requires that licensed entities comply with specific guidelines when purchasing and exporting gold, particularly from small-scale miners.

A key requirement involves the agreed percentage allocation or royalty structure that must be declared and settled through approved channels. This ensures that the Government of Ghana receives its rightful share of revenue from gold transactions, while also safeguarding the interests of local miners and stakeholders.

For companies like MSGMM, strict compliance with regulatory requirements is paramount. All transactions are conducted through approved and licensed channels, including strategic partnerships with recognized refineries such as SSL, a self-financing aggregator licensed by GoldBod. Each transaction is supported by comprehensive documentation, assay verification, and full traceability, ensuring transparency at every stage.

This structured and compliant approach not only guarantees regulatory compliance but also gives our clients full confidence in the authenticity, legality, and quality of the gold supplied. By operating within this framework, MSGMM provides a secure and trustworthy environment for investors and partners, ensuring that all transactions meet both national requirements and international best practices.

Chairman’s

Welcome Message

Distinguished guests, esteemed partners, members of the Board, management, staff, and cherished community stakeholders,

It is with great honor and a deep sense of responsibility that I present this message on behalf of Morning Start Gold & Minerals Mines Limited as we establish our presence in Ghana’s renowned gold mining sector.

Ghana, often referred to as the “Gold Coast,” has a proud heritage of gold production and remains a beacon of opportunity within Africa’s mining industry. Our entry into this sector is both a privilege and a commitment - one that we approach with humility, professionalism, and a clear vision for sustainable growth.

At Morning Start Gold & Minerals Mines Limited, our mission is to responsibly harness Ghana’s gold resources while creating enduring value for our stakeholders. We are guided by strong principles of safety, environmental stewardship, transparency, and operational excellence. We firmly believe that success in mining must go hand in hand with respect for the land, the people, and future generations.

We are particularly committed to fostering strong relationships with our host communities. Through meaningful engagement, local employment opportunities, and targeted development initiatives, we aim to contribute positively to social and economic transformation. Our goal is not only to mine gold, but also to help build thriving communities and a resilient local economy.

As Chairman, I am confident in the capabilities of our management team and the dedication of our workforce. Together, we will uphold the highest standards and position our company as a trusted and responsible player in Ghana’s gold mining industry.

I extend my sincere appreciation to our partners, regulators, traditional authorities, and all stakeholders who have supported us in reaching this milestone. With a shared vision and collective effort, I am certain that Morning Start Gold Minerals Mines Limited will achieve lasting success and make a meaningful contribution to Ghana’s development.

Thank you.

Chairman

— Mr. Foster Tsagli, Chairman of the Board

Leadership

Meet Our Team

Mr. Foster Tsagli

Chairman, Board of Directors

Mrs. Felicia Foster

President

Prince Jacob L. Ahiekpor

Managing Director

Ms. Debora Foster

Director, Corporate & Human Resources

Ms. Rita Mensah

Operations Secretary

Small actions, global impact.

Corporate Social Responsibility

MSGMM is committed to improving the communities in which it operates. Our CSR activities include: