{"id":204939,"date":"2016-04-07T06:12:43","date_gmt":"2016-04-07T06:12:43","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=204939"},"modified":"2016-04-07T06:12:43","modified_gmt":"2016-04-07T06:12:43","slug":"minerals-commission-debunks-twn-allegation-goldfields-2","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/04\/minerals-commission-debunks-twn-allegation-goldfields-2\/","title":{"rendered":"Minerals Commission debunks TWN allegation against Goldfields"},"content":{"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.<\/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":[],"categories":[32,1206,11],"tags":[],"yoast_head":"\n