The Minerals Commission has debunked allegation made by Civil Society Group, Third World Network (TWN) that Goldfield Ghana Limited was granted a development agreement without an investment plan.<\/p>\n
The Commission told Citi Business News<\/strong> government followed all laid down procedures in granting the mining firm a development agreement.<\/p>\n [contextly_sidebar id=”KZyrmJfFMc4YoOaijziXcX8rZlJ1oKmi”]According to the commission, the development agreement would not have been approved by Parliament if Ghana was at a disadvantaged position.<\/p>\n \u201cI think that we probably have to look at the fact that this agreement has been in motion since 2004. \u00a0This is a matter of a level playing field created for all\u00a0 and so I believe that government acted correctly by understanding the situations on the ground and taking the right decision\u201d, Chief Executive Officer of the Minerals Commission\u201d, Dr. Toni Aubynn stated.<\/p>\n TWN earlier in an interview with Citi Business News<\/strong> described as illegal the development agreement between the government of Ghana and Goldfields Ghana Limited.<\/p>\n According to the Network, Parliament\u2019s waving of a notice period and ratifying the development agreement raises questions which need to be answered.<\/p>\n However, Dr. Aubynn maintained that \u00a0\u201cparliament spent time to look at it and did not find it illegal\u201d.<\/p>\n \u201cI fully appreciate and respect the opinion of the third world network. They never had stability agreement and they had indicated that they are willing to invest more\u201d, he added.<\/p>\n Government of Ghana through Parliament agreed to a development contract with Goldfields Ghana limited which will see Goldfields invest 500 million dollars in its mines.<\/p>\n According to the company, it has already invested over two billion in the country and have contributed much more than any other mining company.<\/p>\n \u201cSo if there is a consideration for something which is available to all mining companies in the country I don\u2019t see why they cannot be considered for that according to law\u201d, Dr. Aubynn stressed.<\/p>\n He explained that government did not want jobs to be lost through a negotiation that would make the company lay off its workers.<\/p>\n By: Norvan Acquah-Hayford \/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Minerals Commission has debunked allegation made by Civil Society Group, Third World Network (TWN) that Goldfield Ghana Limited was granted a development agreement without an investment plan. The Commission told Citi Business News government followed all laid down procedures in granting the mining firm a development agreement. [contextly_sidebar id=”KZyrmJfFMc4YoOaijziXcX8rZlJ1oKmi”]According to the commission, the development […]<\/p>\n","protected":false},"author":14,"featured_media":204919,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,1206,11],"tags":[],"class_list":["post-204939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-mining","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/204939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=204939"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/204939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/204919"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=204939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=204939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=204939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}