Businessman, Ibrahim Mahama has shot down claims by the aide of Vice President Mahamadu Bawumia, Gideon Boako that the National Democratic Congress government sold 58% of Ghana’s Bauxite to him and Exton Cubic Group Limited.
A statement from his office said there are three Bauxite concessions in the country of which two have been sold to foreign companies hence reason why Nyinahin concession was given to Exton Cubic Group Limited as the only local company to challenge the foreign companies.
““The allegation by the technical advisor to the Vice President, Mr. Gideon Boako that the state sold 58% of Ghana’s Bauxite to Mr. Ibrahim Mahama and Exton Cubic Group Limited is not true. We have three Bauxite concessions in Ghana, the three concessions are, Awaso concession, Nyinahin concession and Kibi forest reserve/concession. The government has sold the Awaso concession to Ghana Bauxite Company Limited now owned by the Bosai Minerals Group Co. Limited, a Chinese Company and also gave the Kibi forest reserve to the Chinese as part of the $15billion Chinese loan recently secured after the Vice President visit to China. Exton Cubic Group Limited is the only local company that has the capacity to challenge the foreigners in that sector. That’s a fact. That’s why they were given the Nyinahin concession.”
The statement indicated that the allegations were borne out of the fact that government intends taking part of Nyinahin concession to be given to the Chinese for the $15billion loan the government took from them.
“It’s interesting to note that the government wants to give part of the Nyinahin concession to the Chinese again as part of the $15billion loan despite the Chinese controlling Awaso and Kibi forest reserves already. It’s clear Mr. Gideon Boako statement against Exton Cubic Group Limited, a local company was done to whip up sentiments against the company. But that has failed miserably.”
Source: mynewsgh.com
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The Chinese will pay taxes for other projects in the country to move on to help the people that zibrahim mahama who will refuse to pay taxes and pocket the money to buy houses abroad are some Ghanaians so ***barred word*** like that to follow these people? John Mahama lo*ted and bought mansions in Dubai to benefit their people so what is wrong with Chinese also coming for that concession to pay taxes to Ghana? Nons*nse.
AKANS should wake up! Ewes and Northerners are taking over your resources. Can an Akan businessman get such concessions in the North and the Volta regions?
Herh This Mahama family is smart ooo. The Bauxite reserves that have been in existence before Nkrumah's days you just give to your brother like that? I pity the NDC foot soldiers who will come and defend this. So per this arrangement the Mahama family will never go broke then. And when was this contract signed... 29th December when Mahama had already lost the election? And on top of this he wanted the VP's house? How can you even sleep at night.
property of Ghana given to a Ghanaian who would not pay taxes is better given to foregners who would pay. BAM!
".....Exton Cubic Group Limited is the only local company that has the capacity to challenge the foreigners in that sector. That’s a fact. That’s why they were given the Nyinahin concession.” I have only one question for Mr. 'crook' Ibrahim; so you believe your logic holds,'are you, Mr. Ibrahim, the ONLY Ghanaian company or personality capable of competing with foreign companies in the bauxite business?'. so when was it publicized for Ghanaian owned companies to tender their bids to buy into the Ghana bauxite reserves in order to crate equilibrium leverage to compete with foreigners in the bauxite allocation? Who made that decision that your company is the Ghanaian company that can compete with foreigners? Your response makes little or no sense at all. It's an after thought and a dress rehearsal to respond to a ***barred word*** business deal that your brother connived with you to ***barred word*** allocate to your self and family the bauxite reserves that belongs to the entire Ghanaian citizenry. Why loot all our resources for yourself only? Wicked as wicked does but your cover has been blown open. I understand your so-called sale will have to go to the parliament for ratification and thank God it will be shut down and blow in your face. You will never mine an ounce of bauxite in this country. ***barred word***! ole! JURC! KORCNFOC
Ghanaian politicans not smart @ all. Will call a Ghanaian who wants to challenge the way of doing business azaa. Will rather offer it to foreigners because they do not think outside the box & for that matter longtime. They want it now. The want it now SYNDOME!
Ibrahim Boko Haram Mahama
...SO do you own or have a stake in the company? When was the concession given to you? How is that related to the 15bUSD? In any case its better for the concession to be leverage for our common good than be given to you and anaa?
You will not mine one stone from Nyinahin. Bile has some bauxite. Go there.
When did the government sell the concessions to the chinese and when was it sold to you? There is no truth in what you are saying.Liar!