- Ghana Manganese Company Limited (GMCL) has temporarily been shutdown
- The temporary closure was as a result of a preliminary technical and financial assessment conducted by government
- The sector minister said the ministry would begin talks with the Minerals Commission and other relevant stakeholders to discuss with the management of GMCL how to resolve the issues and retrieve the monies
The Minister of Lands and Natural Resources, Kweku Asamoah-Cheremeh, has disclosed that the Ghana Manganese Company Limited (GMCL) would temporarily be shutdown.
Effective, August 6, 2019, the minister explained that the temporary closure was as a result of a preliminary technical and financial assessment conducted by government.
Speaking at a media briefing the minister stated that the assessment revealed that government had lost over US$300 million.
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Asamoah-Cheremeh said the ministry would begin talks with the Minerals Commission and other relevant stakeholders to discuss with the management of GMCL how to resolve the issues and retrieve the monies.
He said aside holding discussions with the company to pay the monies, government had other alternatives like taking legal action against the company or sell the assets to defray the debt.
Mr Asamoah-Cheremeh said an exclusivity agreement allegedly appointed Manganese Trading Limited (MTL) as the sole off-taker of the total volume of the manganese produced by GMCL.
In other news, about 3,000 Ghanaian nurses are set to be sent to Germany through the National Youth Employment Agency’s (YEA) ‘Working Abroad’ project.
The CEO of the National Youth Agency, Justin Kodua Frimpong, made the disclosure in Accra.
He noted that Ghana will be exporting local human resource to countries that have high demand and have made requests for assistance.
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