{"id":253173,"date":"2024-11-20T07:26:24","date_gmt":"2024-11-20T07:26:24","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/20\/ghana-risks-judgment-debts-over-bogoso-prestea-mines\/"},"modified":"2024-11-20T07:26:24","modified_gmt":"2024-11-20T07:26:24","slug":"ghana-risks-judgment-debts-over-bogoso-prestea-mines","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/20\/ghana-risks-judgment-debts-over-bogoso-prestea-mines\/","title":{"rendered":"Ghana risks judgment debts over Bogoso Prestea Mines"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/179\/17935226.295.jpg\" alt=\"Samuel Abu Jinapor, Minister of Lands, Forestry, and Natural Resources\" title=\"Samuel Abu Jinapor, Minister of Lands, Forestry, and Natural Resources\" width=\"295\" height=\"197\" \/> <span class=\"image_caption\"><span>Samuel Abu Jinapor, Minister of Lands, Forestry, and Natural Resources<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">The Herald has obtained the controversial letter authorizing the transfer of Bogoso Prestea Mines from the British-owned FGR Bogoso Prestea Mines to Heath Goldfields Limited, a Ghanaian company with Turkish partners.<\/p>\n<p>Dated November 12, 2024, and addressed to the CEO of the Minerals Commission, Martin Ayisi, the letter has ignited legal challenges and political tensions, as well as key questions about the track record of Heath Goldfields Ltd in mining and its related businesses.<\/p>\n<p>The Minister of Lands, Forestry, and Natural Resources, Samuel Abu Jinapor, is giving out the mines to a company that was registered in February this year.<\/p>\n<p>Mr. Jinapor\u2019s directive states: \u201cGiven the technical and financial capacity of Heath Goldfields Ltd, and on your advice and recommendation, approval is hereby given for the grant of the Prestea Bogoso Mine to Heath Goldfields Ltd, subject to compliance with the Minerals and Mining Act, 2006 (Act 703) and its Regulations, as well as the payment of appropriate fees.\u201d<\/p>\n<p>This decision comes despite a notice of dispute issued by FGR Bogoso Prestea Mines to the government, the Minerals Commission, and other stakeholders, signaling potential local and international legal battles.<\/p>\n<p>Investigations by The Herald reveal a broader pattern of controversial decisions in Ghana\u2019s mining sector, involving both Bogoso Prestea Mines and Newmont\u2019s Akyem Mines. Sources allege irregularities, including financial inducements, with accusations that these actions could result in judgment debts and harm Ghana\u2019s international reputation.<\/p>\n<p>The Bogoso Prestea Mines, valued at approximately $40 million, is now set to be transferred to Heath Goldfields Ltd, a Ghanaian company with a stated capital of just GHC10,000. Critics have labelled this a \u201cshell company\u201d with no track record in mining. The transfer is reportedly part of a $20 million deal involving Turkish backers, with payments allegedly made to key officials.<\/p>\n<p>Meanwhile, Newmont\u2019s Akyem Mine is reportedly being prepared for sale to a Chinese entity for over $1 billion, although the deal awaits final approval, possibly from President Akufo-Addo.<\/p>\n<p>The Concerned Workers\u2019 Union of Bogoso Prestea Mines condemned the government\u2019s actions, accusing union leaders of prioritizing personal gain over community welfare.<\/p>\n<p>\u201cOur leaders prioritize personal gain over the collective well-being of workers and the community,\u201d the group stated, urging FGR\/Blue Gold to collaborate with employees to restore operations.<\/p>\n<p>FGR Bogoso Prestea Mines, in its defence, has rejected allegations of operational breaches cited by the Ministry, stating that it has been compliant and plans to contest the lease termination.<\/p>\n<p>With less than three weeks to the 2024 general elections, these mining controversies have heightened scrutiny on the government. Parliament is expected to review the deals, but time constraints and political dynamics raise uncertainties about their approval.<\/p>\n<p>A new administration in January 2025 could face the dilemma of endorsing or revoking these contentious agreements, potentially reopening negotiations to align with legal standards and best practices.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Samuel Abu Jinapor, Minister of Lands, Forestry, and Natural Resources The Herald has obtained the controversial letter authorizing the transfer of Bogoso Prestea Mines from the British-owned FGR Bogoso Prestea Mines to Heath Goldfields Limited, a Ghanaian company with Turkish partners. Dated November 12, 2024, and addressed to the CEO of the Minerals Commission, Martin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":216836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-253173","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>Ghana risks judgment debts over Bogoso Prestea Mines - 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\/2024\/11\/20\/ghana-risks-judgment-debts-over-bogoso-prestea-mines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana risks judgment debts over Bogoso Prestea Mines - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Samuel Abu Jinapor, Minister of Lands, Forestry, and Natural Resources The Herald has obtained the controversial letter authorizing the transfer of Bogoso Prestea Mines from the British-owned FGR Bogoso Prestea Mines to Heath Goldfields Limited, a Ghanaian company with Turkish partners. 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