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ECONOMICS

We will revive Ghana Consolidated Diamonds Limited – President

President Nana Addo Dankwa Akufo-Addo has assured the Chiefs and people of Akwatia that Government will do all within its power to revive the Ghana Consolidated Diamonds Limited, formerly Great Consolidated Diamonds Company Limited which is no longer in operation.

Date Created : 10/15/2019 7:50:01 AM : Story Author : Susana Danso/Ghanadistricts.com

The President during his visit to the Denkyembour District as part of his three days tour to the Eastern region indicated that, the Ghana Consolidated Diamonds Ltd has helped create jobs and wealth for the people of Akwatia previously, therefore if there are some lingering issues concerning the operation of the mine he will do his utmost responsibility to ensure that such bottlenecks are all cleared to get the mine functioning again.

He explained that in September, government abrogated the contract awarded to the Great Consolidated Diamonds Ghana Limited (GCDGL) in 2011, a subsidiary of the Jospong Group of Companies to mine diamonds at Akwatia for breach of contract adding that the company in the words of the Director General of the State Interests and Governance Authority (SIGA) failed to fulfil its core mandate of paying $17 million to the Divestiture Implementation Committee (DIC) as well as rehabilitating and refurbishing facilities at the mines to enhance production.

He then assured the Omanhene of Akwatia, Osabarima Kofi Boateng III,that a veritable solution will be reached soon to resolve the current situation confronting the company. “So 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.” He said.

President Akufo-Addo was excited that the traditional authorities at Akwatia have embraced the Oil Palm Project being undertaken by the Ministry of Agriculture and the Ministry of Local Government and Rural Development.

He noted that his Government is giving support to the cultivation of cashew, oil palm, mango, rubber, shea-butter among others so that the country can reap similar or more benefits like the country does from cocoa.