Government Tracks GCD Property In London

has tracked assets of the Ghana Consolidated Diamonds (GCD) Limited in London,
which have been neglected for several years.

was revealed by the President, Nana Addo Dankwa Akufo-Addo, at Akwatia in the
Denkyembour District in the Eastern Region on Sunday during a visit to the
company as part of his three days working tour of the region.

This was
in response to a plea by the Chief of Akwatia, Osabarima Kofi Boateng III, to
the President to help secure all assets belonging to the company following the
takeover of the company from Great Consolidated Diamonds Ghana Limited (GCDGL),
a subsidiary of the Jospong Group of companies.

chief specifically mentioned the London property and Birim Court, another
property of the company in Accra.

President indicated that the Director-General of the State Interests and Governance Authority (SIGA) had already made some
efforts with regard to the property in London.

still own the property and have not lost it to anyone. They (SIGA) have been
able to identify it, and it is still a property of the company. It is the one
in Accra that, I believe, has become a subject of some litigation, but we will
look into and seek redress,” the President said, adding “it may probably be
that the lease on the property has not been renewed hence its current
situation, but, as I have said, we will look into it critically, and get back
to you with the results.”

The London Property

The London
asset, according to DAILY GUIDE investigations, is a three-bedroom detached
property worth about £1.5 million.

say that the government is in the processes of deciding whether to rent it out,
sell it or keep it.

information available indicates that SIGA and the Interim Management Committee (IMC) of GCD would keep the
property as an asset of the company.

Others Asset Discovered

to sources, three guest houses belonging to the company have been tracked at
Winneba in the Central Region, while the Birim Court property the chief spoke
about had also been tracked in Accra.

information available indicates that for the Accra property, the lease contract
between the owner of the property and GCD has expired.

though SIGA has made moves to re-acquire it, sources say it is most likely the
owner will not give it back to them.

Revival of the Company

Meanwhile the President has assured
the chiefs and people of Akwatia that government will ensure that the company
is revived to create more jobs for the people of Akwatia in the Denkyembour
District of the Eastern Region of Ghana. According to the President, the
company, in times past, created jobs and wealth for the people of Akwatia hence
the need to revive it.

“I am giving you the strongest assurance that this matter is of grave concern to me, and I will ensure that whatever has to be done to ensure that the good times once enjoyed by this mine are restored, will be done,” the President said.

By Nana Kwasi