Prestea Sankofa Gold company to start operations soon – Bawumia

The only State Owned Gold Mining Company, Prestea Sankofa Gold Ltd (PSGL), is expected to commence operations very soon, the Vice President has said.

Dr Alhaji Mahamudu Bawumia who revealed this in Prestea in the Western Region as he wraps up a 2-day campaign tour of the Western Region assured the chiefs and people of the once vibrant mining community of government’s resolve to ensure the Prestea Sankofa Gold Company commence operations before the end of 2020

“Nana, just before I came to Prestea I spoke to the top hierarchy of GNPC who assured me that they have started computing the salaries of the workers of Prestea Sankofa Gold and what even excites me is that GNPC is poised to ensure that Sankofa Gold will pour its first gold before the year ends,” he told the chiefs and people of Prestea.



It would be recalled that Parliament in July this year approved a programme of activities for the Ghana National Petroleum Corporation (GNPC) for 2020, with a call on the state agency to position itself to be more financially prudent and recommended to the GNPC to look for potential investors to take over (PSGL) to make it financially viable.

Dr Bawumia further revealed that government is almost at the conclusion stage of settling outstanding salary arrears to September while ensuring that first gold by the company is poured by the end of 2020.

The PSGL reportedly ceased operations in 2016, but the GNPC continued to allocate funds from its petroleum operations in unsuccessful efforts to revamp it.

The company employs close to 300 direct workers, with averagely 1200 dependants and 200 indirect workers and contractors.

Source: Starrfm.com.gh