‘Gov’t has no interest taking over Manganese Company’

Lands and Organic Means Minister, Kwaku Asomah Kyeremeh has asked workers of the Ghana Limited to ignore rumours that the recent happenings at the corporation is section of government’s grand go of over the business.

Addressing the personnel on Tuesday following the resumption of its procedure immediately after the shutdown, Mr. Kyeremeh stated that, President Akufo-Adoo has no intention to own the enterprise hence, these frivolous comments amid the public have no real truth.

He also famous that there is no bring about for alarm for the reason that the govt is somewhat worried about obtaining an amicable resolution to the difficulties.

“There is a public notion that desires to be dispelled. Many others are saying the govt wanted to take around the corporation that is why it shut down. This is completely false. President Akufo-Addo and his family members have also not taken about Ghana Manganese Corporation. The Ministry is now pursuing to clear up the complications. All the stakeholders will occur jointly to discover the remedy.”

Workers of the Ghana Manganese Company, GMC, say govt acted in its own fascination by reopening the company.

The Branch Union Secretary of GMC, Mohammed Seeba, suggests personnel would have taken on the governing administration if it hadn’t created the u-switch.

The Ghana Manganese Company (GMC) resumed functions on Monday.

This was immediately after the federal government previously directed the enterprise to shut down above allegations of tax evasion and other infractions.

Main Working Officer of the business, Benjamin Atsu Quarshie in an job interview with Citi News said the organization will get the job done with the federal government to make sure that all issues are duly settled.

“Per the directive supplied by the Minister, we are resuming currently. We have had very good conversations with the federal government in particular the sector Minister and I believe that going forward, we are going to operate together to guarantee that the right things are finished. A committee has been established up to make sure that, the subject is brought to a .”

The firm has welcomed the government’s selection to allow for it to resume operations saying it is in the greatest interest of the state.

The corporation was shut down following allegations that it experienced shortchanged government to the tune of GHc1.94 billion in taxes and royalties as nicely as value manipulation involving 2010 and 2017.

The Chief Functioning Officer of GMC denied the promises stating a report from the Ghana Income Authority exonerates the firm.

Days afterwards, the Tarkwa-based firm was asked to resume functions after a crunch conference between the administration of the company and the Ministry of Lands and All-natural Assets.

Manganese company saga embarrassing, shows Nana Addo’s incompetence

The Tamale Central MP, Inusah Fuseini is strongly persuaded that the government’s weak managing of matters pertaining to the Manganese Organization Constrained is a obvious indication of President Akufo-Addo’s ineptitude.

He claims, the state failed to expeditiously scrutinize the ’s documents prior to accusing it of tax evasion.

“What we are enduring is component of the legacy of Nana Akufo-Addo. A legacy of , ineptitude, confusion, corruption and non-functionality. Looking at the two letters, we should not have even long gone into these issues. The minister really should have been ashamed for the reason that he has embarrassed all of us. How did he arrive to the summary that the arrive owed that big sum of money? Did he inform the company about the audit? The guidelines of organic justice require that when you audit a business, the organization should be part of the audit. And the conclusions of the audit must be produced known to them for queries to be elevated from that company for management’s response.”

The firm was shut down on Monday pursuing allegations that it experienced shortchanged authorities to the tune of GHc1.94 billion in taxes and royalties as very well as value manipulation in between 2010 and 2017.

Times later, the Tarkwa-based company was requested to resume operations soon after a crunch conference in between the management of the enterprise and the Ministry of Lands and Normal Assets.

“Because of this catastrophic humiliation Minister has place Ghanaians by way of, it is sheer incompetence. You even have the care of Director of the enterprise create to the Minister that in their view, the GRA even owes them firm that they have to return to them as effectively as supplying a chronology of taxes that they have compensated, and that they do not identify the price tag of ore then it implies there is no situation. So on what foundation did they occur to that summary?, he claimed on the Big Challenge.

Earlier, about 2,000 workers who were being impacted by the shutdown had been questioned to go dwelling till more observe.

The Chief Working Officer of GMC, denied the promises declaring a report from the Ghana Revenue Authority exonerates the enterprise.

In accordance to the Tamale Central government’s knee jerk reaction has damaged the standing of the corporation which may impacts it probabilities on the sector.

He questioned if government was on a deliberate mission to provide the business that’s why its selection.

“Fundamentally, it raises an problem of fairness and how to offer with men and women on arms length. Transparency and concern of justice. Now you have subjected the company’s graphic to ridicule and difficulties even in their dealings with their associates outside the company. This sales opportunities to inquiring no matter whether Ghana Manganese corporation within the radar of government for a different choose about and vulgarization. We need to be very careful as a people and interrogate government’s action. This issue is endless but, for the reason that we will need to go back into it and know precisely what led authorities into expressing what it claimed.”

Railway workers back closure of Ghana Manganese Company but…

Railway workers back closure of Ghana Manganese Company but...

Railway workers back closure of Ghana Manganese Company but...

Railway workers back closure of Ghana Manganese Company but...

personnel in the region say they are in entire help of the of the Company by the authorities.

Lands and Normal Resources Minister, Kweku Asoma Cheremeh on August 5 ordered closure of the Ghana Manganese Corporation Constrained right until more see, citing the company’s inability to satisfy its fiscal obligations.

He discussed the predicament has resulted in above 300 million-dollar loss of revenue to the State.

A joint statement issued Thursday by the Association of Railway Employees and the Affiliation of Railway Senior Officers said while the closure will have a toll the railway enterprise, it is critical that economical self-control ensured at the Ghana Manganese Company.

“We can not begrudge the Ministry of Lands and Pure Means for hoping to instill economical self-discipline in any company less than its jurisdiction,” the statement stated.

They nevertheless termed on the Ministry to take care of the issues at the Ghana Manganese Firm speedily.

“We urge the Ministry of Lands and Normal Sources and for that make a difference Government of Ghana to take care of the concern holistically as this closure has severe repercussions on the Ghana Railway Firm Ltd and its personnel as nicely as their family members.”

Revenue from the haulage of manganese ore from Nsuta to the Takoradi Harbour for export prospects to profits era, the railway workers famous.

They mentioned earnings from the haulage is in transform employed to spend staff of the Railway Corporation, as a result the require for the government to velocity up attempts to re-open the Ghana Manganese Company.

By 3information.com| Ghana

Ghana Manganese Company shut down over $300m loss of revenue

The Lands and Purely natural Sources Minister has ordered the shutdown of the Restricted until more notice helpful Monday, August 5.

Kweku Asoma Cheremeh reported the is in reaction to the company’s lack of ability to fulfil its economical obligations which has resulted in in excess of $300 million decline of revenue to the condition.

“We are heading to have interaction them to obtain an amicable solution to the infraction that they have fully commited. If indeed they do not have any good rationalization for the happenings, then we will arraign them prior to court docket,” he explained.

He included that governing administration will also look at an outright choose in excess of the company or market the company’s assets to defray the debt if it gets to be required to do so. 

Sometime in January, the Ghana Manganese Enterprise Limited was directed to halt its mining functions to enable the condition to undertake a thorough economic audit of its operations.

Subsequently, the Ministry agreed with the business that the audit could be carried out whiles mining functions are ongoing.

Just after the preliminary audit has been completed it came to mild that the condition is incurring large losses by means of the procedure of the company.

It arrived to the fore that the organization unsuccessful to spend supplemental royalty ($12.8 million), added corporate taxes ($79 million) and a reduction of dividends declared ($6.1 million).

There was also a decline of $259 million extra income residing offshore from 2010 to 2017 as there was no transfer pricing audit done prior to 2017.

The audit also mentioned major infrastructure deficiencies as a end result of GMCL functions.

“Primarily, street and rail infrastructure are stretched past ability and are shut to full failure. Apart from the results of the audit report, there is also sufficient evidence of absence of compliance and circumvention of the nearby articles plan subsequent a complaint to the Ministry by regional contractors. 

”Ghana contractors delivering solutions to GMCL are owed hundreds of thousands and thousands of cedis although the company continues to develop its export of manganese,” he disclosed.

According to him, current figures offered to the ministry implies creation and export are in the excess of 3 million metric tonnes. 

“There are also defaults by the company in the payments of Annual Mineral Suitable Service fees in extra of $4 million. These and many other infractions leave me no alternatives as the sector Minister than to close down the functions of GMCL right until more discover,” he said.

He claimed the Ministry with each other with the Minerals Fee and other pertinent stakeholders will instantly begin conversations with the organization “to take care of these and all other excellent challenges in the program of the shutdown.