Ghana Manganese Company ordered to resume operations
The sector Minister, Kwaku Asoma-Cheremeh, said the decision was reversed following meetings with the company and some stakeholders.
Mr Asoma-Cheremeh on Monday announced the shutdown of the company for allegedly causing revenue loss of about $360 million (GH¢1.94 billion) to the state between 2010 and 2017.
According to him, the country lost $12.8 million in royalties due, $79 million in corporate taxes due and $6.1 million in dividends.
However, the Chief Operating Officer of the Company, Benjamin Atsu Quashie, denied the allegations saying that the company paid $31 million as corporate tax and $17 million as royalties before December 31, 2018.
Reversal
Announcing the decision to allow the GMC resume work, Mr Asomah-Cheremeh said the company has agreed to expedite action towards resolution of the issues raised.
Four days ago, I shared with the media the findings of the Technical and Financial Audit carried out on the operations of GMC and also called on the company to suspend its mining operations until further notice.
“After two meetings between representatives of government including the Ministers of Land and Natural Resources, Environment, Science, Technology and Innovation, top officials from the Minerals Commission and the representatives and management of GMC on August 6 and 9, the parties have agreed to expedite action towards resolution of the issues raised,” the Minister said.
“In the light of the good faith shown by the company to work with government towards amicable resolution, including the joint manning of the weighbridge located at the mine and tonnages loaded unto ships to guarantee accurate computation of revenue, I have asked the company to resume its operations,” he added.
Source: www.graphic.com.gh
Source: David Apinga
Trending News
Let's go solar - Kennedy osei Nyarko
02:14Gov't starts building resettle homes for Akosombo dam spillage victims
09:06Speaker Bagbin calls for stronger parliamentary diplomacy at international conference
02:12WADEMOS empowers 15 West African youth to champion democracy, promote positive change
18:54Akufo-Addo gov't scheming to sell Saglemi to cronies – Minority Caucus alleges
08:572024 elections: Ghana needs problem solvers, generational thinkers, people with integrity – Bawumia
14:21Zoomlion Ghana Limited donates to support 8-year-old Leukemia patient
18:49Kumasi: All shops to be closed for 6 hours March 30 for clean-up exercise
07:55You've crucial role to play for victory 2024: Bawumia to NPP diaspora branches
14:18NHIS: Limited rollout of biometric membership authentication system satisfactory
14:09