27.2 C
Accra
Sunday, January 23, 2022
No menu items!

Government lifts Ghana Manganese company suspension

Must Read

The return of E-Levy as Parliament reconvenes Tuesday

By Edzorna Francis Mensah Ghanaians may need to brace up for more heated and debates from their Members of Parliament...

Vice President Bawumia in New York for UN Security Council Meeting

By: Mercy Darko  The Vice President, Dr Mahamudu Bawumia, left Accra, Ghana for New York, United States of America on...

Two persons arrested in Volta Region for peddling narcotics

SOURCE: GNA The Ketu Divisional Police Command has arrested two suspects, Kpelly Kwame, 29 and Anani Sasu, 19, for peddling...

Government has lifted the suspension placed on the Ghana Manganese Company.

This follows a crunch meeting between management of Ghana Manganese Company, the Minister of Lands and Natural Resources and the Minister of Environment, Science, Technology and Innovation  as well as officials of the Minerals Commission.

Government earlier this  week ordered a total shutdown of Ghana Manganese Company following huge financial lose and non compliance of rules in the operation of the company.

This follows an Audit of the operations of the company.

Ghana is said to have lost Twelve-point eight-million dollars ($12.8m) in additional royalty due to lack of transparency in the operations of the company.

The country also lost 79 million dollars in corporate taxes and loss of dividends declared was six- point- one million dollars. 

A  statement issued by the Minister of Lands and Natural Resources Kwaku Asumah-Cheremeh said management of Ghana Manganese has shown good faith following two separate meetings to work with government towards amicable resolution, including a joint manning of the weigh bridge located at the mine and tonnages loaded unto ships to guarantee accurate computation of revenue.

Mr. Asumah-Cheremeh, assured Ghanaians that efforts are being made to protect the interest of all employees, local contractors and the state.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

The return of E-Levy as Parliament reconvenes Tuesday

By Edzorna Francis Mensah Ghanaians may need to brace up for more heated and debates from their Members of Parliament...

Vice President Bawumia in New York for UN Security Council Meeting

By: Mercy Darko  The Vice President, Dr Mahamudu Bawumia, left Accra, Ghana for New York, United States of America on Saturday January 22, 2022. Ahead of...

Two persons arrested in Volta Region for peddling narcotics

SOURCE: GNA The Ketu Divisional Police Command has arrested two suspects, Kpelly Kwame, 29 and Anani Sasu, 19, for peddling narcotics. They were apprehended following...

Minerals Commission shuts down operations at MAXAM Ghana

By Desmond Cudjoe The Minerals Commission has closed down the operations of MAXAM following the January 18, 2022, explosion at Appiate in the Prestea-Huni Municipality...

Ghana to face Nigeria in World Cup play-offs

The Black Stars will face the Super Eagles of Nigeria as both sides battle for a spot at the 2022 FIFA World Cup scheduled...

More Articles Like This