• About
  • Advertisements
  • Terms of Use
  • Contact
Saturday, July 26, 2025
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

FGR Bogoso-Prestea workers protest unpaid salaries, demand lease revocation

by Yaa Amoakowaa Obeng
September 17, 2024
FGR Bogoso-Prestea workers protest unpaid salaries, demand lease revocation
ShareTweetSendShareSend

On Monday, 16th September, miners from Future Global Resources (FGR) and Blue Gold, both in Bogoso-Prestea, held a protest at the TUC building, demanding unpaid remuneration and action against the companies.

Dressed in red, the protestors carried placards with messages such as “We Need Our Money,” “Who Will Speak for Us,“ “Hon Jinapor, ”Revoke the Licence of BlueGold,” “Land of Gold Turns Land of Sorrow,“ and “Prestea Deserves Better.”

The workers noted that they have not received their remuneration since April 2024, due to the companies’ financial struggles.

This protest follows a similar demonstration on April 25 and 26 2024 at the premises of the Ministry of Lands and Natural Resources and Parliament, where miners demanded the government terminate FGR’s mining leases and put the Bogoso-Prestea mine up for sale.

During the protest on Monday, Abdul-Moomin Gbana, General Secretary of the Ghana Mineworkers Union, reminded the media of a promise made by the Minister of Lands and Natural Resources, Hon. Samuel A. Jinapor, during the April demonstration.

“The Minister assured workers that the government was committed to their welfare and the revamping of the mine,“ he said. 

Gbana outlined the conditions set by the minister in an April 17 letter, which included the following: FGR was given 120 days to raise capital and restore the mines to full operational capacity; the company was ordered to pay all outstanding salaries within two weeks, with final payments due by May 30, 2024; FGR had to provide proof of financial resources to pay creditors and restart full operations within the 120-day period, and failure to meet these conditions would result in the revocation of FGR’s mining leases.

Despite these warnings, Gbana reported that FGR has not met any of the conditions.

“The company has neither paid the outstanding salaries nor secured the capital needed to reinvest in the mine to make it operational,” he said, adding that over nine months of salaries remain unpaid, leaving many workers in financial distress.

He urged the government to revoke FGR’s mining lease and find a new investor for the mine.

FGR took control of the Bogoso-Prestea Mine in September 2020 after acquiring 90% of Golden Star Resources’ stake. Despite concerns raised about FGR’s lack of experience and financial capacity, the deal was approved by the government.

In May 2024, Blue Gold Bogoso Prestea Limited announced in a statement that it had acquired the Bogoso-Prestea mining leases from FGR, with a portion of the revenue earmarked to settle FGR’s creditor obligations. However, the financial troubles in the two companies persist, fuelling worker unrest.

Advertisement Advertisement
Tags: Blue Gold HoldingsFeaturedFGR Bogoso-PresteaFuture Global ResourcesMinistry of Lands and Natural Resources
Share1Tweet1SendShareSend
Previous Post

Trump rushed to safety in alleged assassination attempt

Next Post

Ghana SME’s and Startup Week unveils shortlisted nominees for Ghana Innovation and Startup Awards 2024

Related Posts

Parliament approves GH¢1 fuel levy per litre amid energy sector woes
Banking & Finance

2025 mid-year budget: Gov’t to scrap COVID levy, slash VAT rate

July 25, 2025
NIB recapitalized as Gov’t moves to stabilize financial sector
Banking & Finance

NIB recapitalized as Gov’t moves to stabilize financial sector

July 25, 2025
ORC issues final deadline for annual returns, business name renewals
Banking & Finance

ORC imposes new penalties on defaulting companies

July 25, 2025
Mid-year budget: GH¢13.8bn “Big Push” to deliver 5,000km of roads across 166 constituencies
Banking & Finance

Mid-year budget: GH¢13.8bn “Big Push” to deliver 5,000km of roads across 166 constituencies

July 24, 2025
Cassiel-Ato-Forson
Banking & Finance

Public debt drops from GH¢726.7bn to GH¢613bn amid IMF program – Ato Forson

July 24, 2025
Finance Minister, Dr. Cassiel Ato Forson
Banking & Finance

Exchange rate stability will be sustained – Finance Minister pledges

July 24, 2025
Next Post
Ghana SME’s and Startup Week unveils shortlisted nominees for Ghana Innovation and Startup Awards 2024

Ghana SME's and Startup Week unveils shortlisted nominees for Ghana Innovation and Startup Awards 2024

  • Parliament approves GH¢1 fuel levy per litre amid energy sector woes

    2025 mid-year budget: Gov’t to scrap COVID levy, slash VAT rate

    1 shares
    Share 0 Tweet 0
  • UGBS honours Prince Amoatia Younge, 1998 year group at 45th Management Week

    9 shares
    Share 4 Tweet 2
  • ORC imposes new penalties on defaulting companies

    0 shares
    Share 0 Tweet 0
  • NIB recapitalized as Gov’t moves to stabilize financial sector

    0 shares
    Share 0 Tweet 0
  • National Cathedral: Audit uncovers millions in unsupported payments, raises viability concerns

    1 shares
    Share 0 Tweet 0
The Sikaman Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western

Recent News

Parliament approves GH¢1 fuel levy per litre amid energy sector woes

2025 mid-year budget: Gov’t to scrap COVID levy, slash VAT rate

July 25, 2025
NIB recapitalized as Gov’t moves to stabilize financial sector

NIB recapitalized as Gov’t moves to stabilize financial sector

July 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2024 - The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2024 - The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2025
The Sikaman Times