Government insists it followed due process in the takeover of the Great Consolidated Diamonds Ghana Limited.
“We have solid grounds and we followed due process to abrogate the contract,” Acting Director-General of State Interest and Governance Authority (SIGA), Stephen Asamoah Boateng said on Adom FM’s morning show, Dwaso Nsem, Tuesday.
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He maintained that, JOSPONG since the takeover did not invest in the diamond mine which amounts to breach of contract.
This was in response to claims by management of JOSPONG Group of Companies that the takeover is “illegal and unconstitutional.”
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In a statement copied to Adomonline.com, the JOSPONG Group of Companies said since its acquisition of the “completely run down” mine, $20 million dollars has been invested to revive it.”
But, Mr Boateng maintained that the claim of investment at Akwatia mine is factually incorrect.
“I went to Akwatia last week and didn’t see any investment done so that is not right,” he added.
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The SIGA boss cited Clause (13) of the Mining Law as the authority that permits the government to takeover a company that has failed to fulfill contract obligations.
Mr Boateng said the government will not allow any local company to rundown state asset to the detriment of the indigenes.
Source: Ghana | Adomonline.com | Adwoa Gyasiwaa Agyeman
