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    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    Ghana sends debt restructuring proposal to official creditors

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    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

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    Mobile money disrupted banking in Ghana – Zeepay CEO

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Suing gov’t for our losses during mining ban still an option – Small Scale miners

March 1, 2020
in Mining, Top Stories
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The Ghana National Association of Small Scale Miners says its intention to sue government for the losses they incurred during a ban on their activities is still on the table.

The Director of Operations of the Association, Emmanuel Yirenky-Antwi, told Citi Business News in Takoradi, that there was no basis for the government to lump the licensed Small Scale miners together with the illegal miners for the ban that cost them huge losses.

Though Mr. Yirenkyi said they are talking to the government to consider a stimulus package for the small scale industry, they are still pursuing the suit against the government for their loss.

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“Going to court has been part of the issue on the table, and there are a few other things that we have also discussed. We want to also see if we can engage the government to prepare some form of a stimulus package to be injected into the industry. So going to court is not an option that we have forgotten at all, no. It’s also on the table. We are just trying to weigh our options“.

Highlighting the depth of the hardships and losses during the ban on licensed small scale miners, Mr. Yirenkyi-Antwi said the industry has been set back 10 years by the general ban.

“There was no reason for the government to bundle us with illegal miners together and place a wholesale ban on us. It is something that we protested and we will continue to protest. After the lifting of the ban, Licensed Small Scale Miners have suffered, they have lost their investments, some have even died out of the process, people owe the banks. The banks took some people’s properties.”

“As we speak, the industry has been set back about ten years. What that means is that we need to put in more investments in order for us to come at par and then continue the development of the industry. That was bad and it is something that should never be allowed to happen again.”

Source: Akwasi Agyei Annim | citibusinessnews.com | Ghana
Tags: Illegal Miningsmall scale mining
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