By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
NewsBusiness & Economy

Mine Workers’ Union “Rubbishes” Blue Golds Objection to Government’s Termination of Lease

The Ghana Mine Workers' Union has dismissed Blue Gold’s rejection of their mining lease termination by the Ministry, asserting state interests override private claims

Fredrick Addai Kwarteng
Sep 19, 2024

The Ghana Mine Workers’ Union has rebuffed the posture taken by Blue Gold, operators of the Future Gold Resources (FGR) Mines at Bogoso on the termination of their lease by the Ministry of Lands and Natural Resources.

The termination of the mining lease follows recommendations from the Minerals Commission and the Attorney-General after numerous calls by the mine workers.

“The termination of the mining leases was necessary after extensive reviews and stakeholder engagements,” the Minister stated.

However, Blue Gold in a statement has outrightly rejected the termination on the grounds that no official communication has been made to them. The operators further add that until any disputes are resolved, the mining lease remains valid and legally binding.

“While any such dispute is ongoing, the mining leases remain fully valid and the property of the company,” the statement read.

READ ALSO

Ghana, Burkina Faso Pursue Trade Pact to Expand Industrial Cooperation and Cross-Border Commerce
MTN Ghana’s GH¢15bn Revenue Growth Signals Expanding Digital Economy and Investment Push
Ghana’s 22 New Laws: Will They Reduce Business Risks and Investment Uncertainty?

But Chairman of the Mine Workers’, Abdul Moomin Gbana in an interview with The High Street Journal insisted that the company has no authority to reject the Ministry’s termination.

Citing reasons to rebuff the strong position of Blue Gold, the Chairman said the statement should be treated with contempt since the signatory is not known within the circles of the company and has no capacity to author such a publication.

“The one who authored that release, I wonder if has that capacity to author that release because as far as we know as a Union and as workers, we do not know who is and for that matter, his identity. I am tempted to describe it as a scam because we do not know who the person is. We know the directors and managers of the so-called company,” he noted.

He further stated that the position of Blue Gold cannot stand since the interest of the state overrides every private interest. He explains that the laws of the country mandate the president to be the trustee of all mineral resources of the state in the interest of the citizens.

He therefore insisted that the Ministry acted within the remit of the law hence Blue Gold’s position can be downplayed as lacking merit.

He explains that “the overriding interest of the nation is far bigger than any private interest. I have always maintained that the Prestea-Bogoso Mine is an asset of the state which is held in trust by the President on behalf of the people of Ghana and is supposed to be used to the ultimate benefit of the Ghanaian people and nobody else.”

“The state that has the overriding interest in every asset that God has bestowed on the nations and has taken the decision so that statement ought to be treated with the utmost contempt that it deserves. There is absolutely no reason why anybody should rely on that statement,” he added. 

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article Ghana Achieves Remarkable Economic Recovery Amid Global Challenges and Debt Restructuring Programme, Says Finance Ministry
Next Article South Africa Lowers Interest Rates for First Time Since 2020
- Sponsored Content -
Ad imageAd image

LATEST NEWS

German Embassy Wraps Up Nationwide Dialogues to Protect Communities from Climate
News
December in GH 2026 Targets Tourism Spending, Local Business Growth With 100 Events
News
GEXPO 2026 To Power Ghana’s Export Drive with Dedicated Export School at Black Star Square
Business & Economy
Africa's Urban Growth Is Outpacing Its Economic Transformation, World Bank Finds
Africa’s Urban Growth Is Outpacing Its Economic Transformation, World Bank Finds
Business & Economy
Ghana Targets Nine Job-Creating Sectors Under GH¢10 New Economy Policy
Business & Economy

You May Also Like

What’s Suffocating Ghanaian Businesses in Q2? AGI Flags Key Challenges

What’s Suffocating Ghanaian Businesses in Q2? AGI Flags Key Challenges

Ghana Hubs Network Champions Inclusive Innovation and Economic Empowerment at Stakeholder Dialogue

Ghana Hubs Network Champions Inclusive Innovation and Economic Empowerment at Stakeholder Dialogue

SOEs Expand Assets by 23% in 2024, but Liabilities Continue to Swell

Gov’t Increases Treasury Bill Rates Amidst Heavy Borrowing, Sparking Concerns of Overspending

Does ECG’s Own Financial Report Support Gov'ts' Much-Touted Turnaround Claim? - An Analyst’s View

CUTS Int’l Cautions Against Public Institutions Raising Revenues Unlawfully

Locked Up Investment Holders to Intensify Demands for Bailout as Ultimatum Ends this Month

Bolt Holdings OU’s Negligence Costs Company a GHC 1.9 Million Financial Penalty in Identity Theft Case

Cannabis Industry Questions Dollar-Pegged Licensing Fees as Investment Concerns Grow

Cannabis Industry Questions Dollar-Pegged Licensing Fees as Investment Concerns Grow

NPA Debunks COMAC's Claim of Possible Shortage of LPG, Says Enough Stock Exists to Supply Market

Buy LPG This Weekend to Avoid a 6% Price Hike

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

Loading Comments...
%d