President Nana Addo Dankwa Akufo-Addo has directed that $5 million out of the total of $6 million to be paid by Maxam Ghana Limited to Government, be donated to the Appiatse Support Fund.
The Fund was established by Government to, among others, support the victims of the Appiatse incident and reconstruct the community.
A statement issued yesterday by the Minister for Lands and Natural Resources, Mr Samuel Abu Jinapor said “the directive follows an administrative fine of US$1,000,000.00 I imposed on Maxam Ghana Limited for regulatory breaches, following the Appiatse incident which killed thirteen (13) people and destroyed the entire community, and an agreement with the company to pay an additional amount of Five Million United States Dollars (US$5,000,000.00) to Government”.
The statement said “By law, the One Million Dollars (US$1,000,000.00), which constitutes the administrative fine, forms part of the Internally Generated Funds (IGF) of the Minerals Commission, the regulator of the sector. The President has, therefore, directed that the additional Five Million Dollars (US$5,000,000.00), to be paid by Maxam to Government, be donated to the Appiatse Support Fund to support the reconstruction of the community.
“Accordingly, I have directed the Minerals Commission to ensure that the said Five Million Dollars (US$5,000,000.00) is paid to the Appiatse Support Fund, in accordance with the agreed terms of payment”.
