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Thursday 01 May 2025

2021-03-19

[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce

2021-03-17

[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker  

2021-03-16

[B] Pursue demands through negotiation, arbitration – Telcos told
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby

2021-03-15

[B] Ghana prepares to issue $5 billion Eurobond  
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson  

2021-03-14

[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan  
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer  
[B] Notorious Wa thieves transporting pregnant goats involved in accident  
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market   
[B] FDA calls on media to help flush out unregistered products from market
[B] Govt provides Ghs 42.8 million in operations and payroll support to STC et al

2021-03-13

[B] Gov’t introduces 10pesewas ‘borla’ tax to clean Ghana
[B] NLA to bring back Live Draws for 5/90 Lotto
[B] Minister gives Kejetia traders final warning ahead of demolition
[B] Domelevo lands top international job after forced retirement
[B] Trotros and Taxis to enjoy free income tax, hotels and restaurants to get 30%

2021-03-12

[B] AfCFTA expected to significantly promote peace and security
[B] 2021 Budget will ensure recovery and macroeconomic stability
[B] We’ll soon provide food items to schools – Buffer Stock Company
[B] Osei Kyei-Mensah-Bonsu appointed ‘caretaker Finance Minister’  
[B] 2021 Budget: Ghana Employers' Association expects pragmatic initiatives  

2021-03-11

[B] Corruption is not fought alone or quietly – Domelevo
[B] Nana Addo’s anti-corruption credibility is in tatters – Gyimah-Boadi
[B] Agyapa deal should be considered dead on arrival in Parliament – John Jinapor

2021-03-10

[B] UMB Signs agreement with NARMG to provide special loans to midwives
[B] Ghana will experience economic rebound in 2021—President Akufo-Addo
[B] Price of iced sachet water now 30p
[B] All national ID numbers to become tax numbers from April - President Akufo-Addo
[B] Government will engage Parliament about Agyapa deal – Akufo-Addo

2021-03-09

[B] Stop 'examining' foodstuffs before buying them – market women to buyers
[B] Ghanaians to use COVID-19 Vaccination App to book appointment
[B] GRIDCo Explains Sunday's Nationwide Power Shutdown

2021-03-08

[B] Cement price goes up
[B] Village Savings and Loans scheme empowering rural women in Adansi north
[B] Technology is key to speeding up the global gender equality agenda- NBSSI Boss

2021-03-07

[B] Ghana for 3 years was described as one of fastest growing economies - Akufo-Addo
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Business

[ 2016-09-28 ]

Randgold blames Govt for its pullout from Ghana
Mining giant Randgold Resources Limited has
revealed that it abandoned its deal with AngloGold
Ashanti to take over the Obuasi Mine because
government of Ghana refused to give complete
support to the deal.

Randgold Resources in 2015 abandoned plans to
redevelop the Obuasi mine of Anglogold Ashanti,
just three months after announcing its interest in
the mine through a partnership with Anglogold.

Chief Executive Officer of Randgold, Mark Bristow
who made the announcement on Tuesday stated that

government showed no support which revealed that
the social risk there was enormous.

Speaking at a media briefing in Johannesburg ,
Mark Bristow said “we were very concerned about
the complete lack of support from the Government
for this whole plan. When we go into a country we
see ourselves as partners with Government because
we are developing a national asset.”

Bristow also lamented political interference
stating that many attempts to invest in Ghana,
were always rattled by political intervention.

Moves to revamp the Obuasi gold mine hit a snag in
December 2015 following the pullout of Randgold.

AngloGold Ashanti in September of that same year
announced it had entered a joint venture with
Randgold Resources Limited to revamp the Obuasi
mine to a world-class high-grade mine.

But a few months after the announcement Randgold
Resources Limited pulled out citing no significant
reasons.

AngloGold Ashanti at the end of 2014, converted
the Obuasi mine to limited operations ceasing
underground production.

The move led to the dismissal of thousands of its
workforce.

The Obuasi was subsequently invaded by illegal
miners.

AngloGold Ashanti in 2016 commenced arbitration
proceedings against the Ghanaian government
through the International Centre for Settlement of
Investment Disputes (ICSID) requesting that ICSID
make an urgent order forcing the government to
“amongst other things, to re-instate military
security and restore law and order at the Obuasi
mine.”

Source - citibsinessnews.com


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