{"id":685689,"date":"2019-08-19T16:26:42","date_gmt":"2019-08-19T16:26:42","guid":{"rendered":" <br><div data-io-article-url=\"https:\/\/www.adomonline.com\/fabewoso-how-akwatia-diamond-company-collapsed\/\">\n            \n                <p>&#13;\n                    <iframe id=\"td_youtube_player\" width=\"600\" height=\"560\" src=\"https:\/\/www.youtube.com\/embe"},"modified":"2019-08-19T16:26:42","modified_gmt":"2019-08-19T16:26:42","slug":"fabewoso-how-akwatia-diamond-company-collapsed","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/19\/fabewoso-how-akwatia-diamond-company-collapsed\/","title":{"rendered":"Fabewoso: How Akwatia Diamond Company collapsed"},"content":{"rendered":"<p><\/p>\n<div data-io-article-url=\"https:\/\/www.adomonline.com\/fabewoso-how-akwatia-diamond-company-collapsed\/\">\n<p>&#13;<br \/>\n                    <iframe loading=\"lazy\" id=\"td_youtube_player\" width=\"600\" height=\"560\" src=\"https:\/\/www.youtube.com\/embed\/rZjneMiogCw?enablejsapi=1&amp;feature=oembed&amp;wmode=opaque&amp;vq=hd720\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe>&#13;<br \/>\n                    &#13;<br \/>\n&#13;\n                <\/p>\n<p>A group, calling itself Akwatia Development Association, is accusing new management of Great Consolidated Diamonds Ghana Limited (GCDGL)-Akwatia Diamond Company Limited- of shortchanging them.<\/p>\n<p>The group claims the company, Great Consolidated Ghana Diamond Limited (GCGDL), has failed to honour all its promises to the chiefs and people of the Eastern regional mining town, Akwatia.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/Akwatia-diamond-1024x768.jpeg\" alt=\"\" class=\"wp-image-1694630\"  \/><figcaption>Rusty machines<\/figcaption><\/figure>\n<p><strong>READ: I never jumped bail to Dubai; EOCO knew my whereabouts \u2013 NAM1<\/strong><\/p>\n<p>The new management took over the operations of  GCGDL on August 23, 2011, with a promise to invest $100 million in a five-year period and produce one million carats of diamonds every year within the period.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/Akwatia-diamond-1-1024x768.jpeg\" alt=\"\" class=\"wp-image-1694631\"  \/><figcaption>Some of the machines in tatters<\/figcaption><\/figure>\n<p>The<br \/>\ncompany also reportedly promised to create 2,500 direct jobs and 50,000<br \/>\nindirect jobs for support services.<\/p>\n<p>But, after years in operation, these promises by the new management of GCGDL, according the Association, are yet to see the light of day.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/Akwatia-diamond-4-1024x768.jpeg\" alt=\"\" class=\"wp-image-1694633\"  \/><\/figure>\n<p><strong>READ: Menzgold not a Ponzi scheme \u2013 NAM 1<\/strong><\/p>\n<p>Speaking on Adom FM\u2019s <strong>Dwaso Nsem <\/strong>segment<strong>, Fabewoso<\/strong>, Vice President of the Akwatia Development Association, Kojo Obeng Darko said they feel cheated.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/Akwatia-diamond-2-1024x768.jpeg\" alt=\"\" class=\"wp-image-1694632\"  \/><figcaption>One of the bungalows of the defunct  GCDGL <\/figcaption><\/figure>\n<p><strong>READ: NAM 1 reveals current medical condition; find out here<\/strong><\/p>\n<p>\u201cThe divestiture committee gave the property to Great Consolidated Diamonds Limited in 2011. They have not fulfilled a single thing they promised in their proposal. What they have been doing is to destroy the number 10 and 11 plants that were built by the Europeans. The lands are being sold, concessions are being sold and even the sand is also being sold, the\u00a0sand which is supposed to be used to reclaim the mine lands,\u201d he bemoaned.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/08\/Akwatia-diamond-5-1024x768.jpeg\" alt=\"\" class=\"wp-image-1694634\"  \/><\/figure>\n<p>Mr Darko said Akwatia is dying slowly due to the failure of the new management to revive the GCDGL.<\/p>\n<p>He noted that, the youth have become jobless, since their only form of livelihood was the company.<\/p>\n<p><strong>RELATED STORY: I was framed by Horizon Diamond Company in Dubai \u2013 NAM1<\/strong><\/p>\n<p>In support, the Denkyembour District Chief Executive, Seth Birikorang Ofosu said the abrogation of the contract was long overdue.<\/p>\n<p>He indicated that the situation is totally unacceptable and urged the government to take a major decision on the GCDGL saga to bring respite to the people of Akwatia .<\/p>\n<p>Source: Ghana | Adomonline.com | Adwoa Gyasiwaa Agyeman<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; &#13; &#13; A group, calling itself Akwatia Development Association, is accusing new management of Great Consolidated Diamonds Ghana Limited (GCDGL)-Akwatia Diamond Company Limited- of shortchanging them. The group claims the company, Great Consolidated Ghana Diamond Limited (GCGDL), has failed to honour all its promises to the chiefs and people of the Eastern regional [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":685690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-685689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fabewoso: How Akwatia Diamond Company collapsed - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/19\/fabewoso-how-akwatia-diamond-company-collapsed\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fabewoso: How Akwatia Diamond Company collapsed - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"&#013; &#013; &#013; &#013; A group, calling itself Akwatia Development Association, is accusing new management of Great Consolidated Diamonds Ghana Limited (GCDGL)-Akwatia Diamond Company Limited- of shortchanging them. 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