November 28, 2020

We sold property of Akwatia Diamond as scrap – Former GM

The current state of the company

A former General Manager (GM) of Consolidated Diamonds Ghana Limited (GCDGL) has confirmed the company sold some plants built by the Europeans as scraps.

The move, Mr Kani Delali stated, was to defray some debts owed by the company and also raise the needed capital to start operations.

The current state of the company

His exposé confirmed allegations by a group, Akwatia Development Association, which is calling for the abrogation of the contract.

 Ghana Diamond Company in 2011 was renamed Great Consolidated Diamond Ghana.

The situation, the group claims, had increased unemployment in Akwatia due to the massive layoffs by the new management.

Speaking on Adom FM’s Dwaso Nsemprogramme, Monday, Mr Delali blamed the shareholder for the current state of the company.

He explained that, after investing GH₵11 million for rehabilitation works and feasibility studies, the needed 17.5million was never raised.

The current state of the company

“The inability of the shareholder to raise the funds was a major hindrance. Though several investors showed interest, the shareholder was not ready for them,” Mr Delali claimed.

Source: Ghana | Adomonline

192

We sold property of Akwatia Diamond as scrap – Former GM

The current state of the company

A former General Manager (GM) of Consolidated Diamonds Ghana Limited (GCDGL) has confirmed the company sold some plants built by the Europeans as scraps.

The move, Mr Kani Delali stated, was to defray some debts owed by the company and also raise the needed capital to start operations.

The current state of the company

His exposé confirmed allegations by a group, Akwatia Development Association, which is calling for the abrogation of the contract.

 Ghana Diamond Company in 2011 was renamed Great Consolidated Diamond Ghana.

The situation, the group claims, had increased unemployment in Akwatia due to the massive layoffs by the new management.

Speaking on Adom FM’s Dwaso Nsemprogramme, Monday, Mr Delali blamed the shareholder for the current state of the company.

He explained that, after investing GH₵11 million for rehabilitation works and feasibility studies, the needed 17.5million was never raised.

The current state of the company

“The inability of the shareholder to raise the funds was a major hindrance. Though several investors showed interest, the shareholder was not ready for them,” Mr Delali claimed.

Source: Ghana | Adomonline

192

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