Go To Court If You Have A Problem With GCDGL Take Over, Govt To JOSPONG Group

Government has asked the management of Jospong Group to go to court if they have issues with the government’s takeover of the Akwatia Consolidated diamond mine.

According to them, the decision to take over the mine is in the interest of the state and that there is no personal interest as it is being portrayed by some quarters.

Speaking on Okay FM’s ‘Ade Akye Abia’ program, Director General of the State Interest and Governance Authority, Stephen Asamoah Boateng explained that to the best of his knowledge, there is no issue in court as it is being portrayed by the Jospong Group.

However, he said if they have any misgivings or ill feelings about the government’s decision to take over the mine, they can go to court, and government will meet them and have any other issues addressed there.

He added that a new board will be inaugurated for them to take over the operations of the mine.

The Jospong Group of Companies have protested the government’s takeover of the Great Consolidated Diamonds Ghana Limited, describing the action as illegal and unconstitutional.

A statement issued Monday by the Jospong Group chastised the government for sidestepping due process and disregarding an ongoing court case to take over which has for the past decade been closed down.

Government last week announced a takeover of the company from the new investors and appointed a nine-member Interim management committee to steer the affairs of the company, claiming the investor failed to fulfill its contractual obligations, a claim Jospong has denied.

According to Jospong, it has invested over 20 million dollars into the GCDGL which had been “run down” at the time of its acquisition in 2011.

“The GCDGL and its strategic partners have reached an advanced stage to execute a 50 million USD investment to operationalize the mine of which a memorandum of understanding has been signed,” it said in the statement.

Watch interview below

Source: peacefmonline.com

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