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News from Sunday, January 27, 2019
Source: Myjoyonline.com
2019-01-27
Kwaku Kwarteng is also Deputy Minister of Finance
Obuasi MPs are pushing for strict enforcement of the local content law to ensure direct jobs for residents as AngloGold Ashanti begins operations.
As part of a redevelopment plan, the gold mining giant secured a $ 1.6 billion investment for the revitalization of the mine, which put an end to part of its activities. 2014.
The leaders of the mine announced that they would propose 2,500 jobs and the deputies wish that the inhabitants of Obuasi be treated with priority.
Addressing Joy News, Patrick Boakye Yiadom, member of the Obuasi East Parliament, said, "Thank God, mine Obuasi is back, courtesy of the president and the government. The government has ensured that the local content policy is firmly anchored in the agreement. We will make sure the company misses out. "
His colleague, MP for Obuasi West, Kwaku Kwarteng, explained: "The closure has resulted in the closure of many of these companies, the hotels that hosted these guests in Obuasi have lost their business. The purchasing power of the community has generally decreased and this has had an impact on the women of the market because people did not come to buy at home.
His position was corroborated by his colleague from Obuasi East.
"All of Obuasi's life was down, businesses down, marriages broken, men were leaving town to go for greener pastures elsewhere and life was uncomfortable.
"If I had to tell you what we have experienced in the last four years, you will not like it, and most cities become ghost towns after mining companies close," he said.
But Kwarteng, who is also deputy finance minister, is optimistic: enforcement of local content laws will strengthen the purchasing power of the people.
"When you operate a mine like the AGM, companies come here to work with the mine and when they arrive they provide employment to the people of Obuasi. The resource that comes to people here will be used to buy the things we need from the market, "he said.
Context
On January 22, 2019, President Addo Danquah Akufo-Addo reopened the AngloGold Ashanti gold mine in Obuasi, closed since 2014.
This reopening was the result of an election promise made by the president to the people of Obuasi in the run-up to the 2016 general election.
Addressing the leaders and people of Obuasi on Tuesday, the president said that when he took office, a series of talks and negotiations had taken place.
The end result is the re-development project of the Obuasi mine.
"In order to help Anglogold Ashanti to obtain the necessary investments for this project, the government had to provide a number of tax incentives and guarantee the stability of the project against changes in the legal environment, in especially at the beginning of mine operation, "he said.
The President added: "It is expected that all agreements reached, including the vigorous implementation of the national content policy, will be scrupulously honored and executed. The initial investment in the redevelopment project amounts to $ 881 million, with a total planned investment of $ 1.6 billion for the entire life of the mine; a duration of 22 years. The entire investment package has been approved by Parliament. "
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