General News of Saturday, 1 July 2017
Businessman Ibrahim Mahama has vehemently dismissed allegation by Vice President Dr Mahamadu Bawumia’s Technical Advisor, Gideon Boako that the state sold 58% of Ghana’s Bauxite to him [Ibrahim] and Exton Cubic Group Limited.
Gideon Boako, has said the opposition National Democratic Congress (NDC) has no moral rights to caution the NPP government against leveraging Ghana’s natural resources, specifically bauxite via its recent partnership with China, because the NDC sold 58 percent of Ghana’s bauxite concession to Ibrahim Mahama, brother of former President Mahama.
Speaking on Kasapa News last week, Mr. Boako said, “the NDC has no business advising us what to do with our bauxite. The NDC government sold 58 percent of our bauxite concession to the former President’s brother on 29th December 2016 when they were leaving office.”
But Mr Mahama’s office has urged the public to treat the claims with the contempt that it deserves as it is not true.
A statement by Mr Mahama’s Aide, Rafik Mahama said: “the allegation by the technical advisor to the Vice President, Mr. Gideon Boako that the state sold 58% of Ghana’s Bauxite to Mr. Ibrahim Mahama and Exton Cubic Group Limited is not true. We have three Bauxite concessions in Ghana, the three concessions are, Awaso concession, Nyinahin concession and Kibi forest reserve/concession.
“The government has sold the Awaso concession to Ghana Bauxite Company Limited now owned by the Bosai Minerals Group Co. Limited, a Chinese Company and also gave the Kibi forest reserve to the Chinese as part of the $15billion Chinese loan recently secured after the Vice President visit to China. Exton Cubic Group Limited is the only local company that has the capacity to challenge the foreigners in that sector. That’s a fact. That’s why they were given the Nyinahin concession.”
It added: “It’s interesting to note that the government wants to give part of the Nyinahin concession to the Chinese again as part of the $15billion loan despite the Chinese controlling Awaso and Kibi forest reserves already. It’s clear Mr. Gideon Boako statement against Exton Cubic Group Limited, a local company was done to whip up sentiments against the company. But that has failed miserably.”