"Minister, GMC in battle of nerves over alleged $356m tax evasion", 9 August 2019

The General Secretary of the Professional and Managerial Staff Union (PMSU), Nana Oppong Owusu, has lashed out at the government for closing down Ghana Manganese Company (GMC) over alleged tax evasion.

...the government could have sat down with management of the mining company to resolve the issue at stake, instead of ordering the closure of the mine, which employs 1,500 workers...

At a news conference in Accra to announce the closure of the mine, Cheremeh said the country had lost “$79 million in corporate taxes and $12.8 million in royalties due and $6.1 million in dividends. Additionally, revenue offshore for the period 2010 also amounted to $259 million. The estimated losses were based on a fair pricing model, utilising best business practices, open data, as well as information obtained from verifiable business intelligence centers.”

According to Nana Oppong, though management of GMC had complied with the order by sending the entire workforce home, it does not mean they are guilty of the accusation leveled against them, saying the government even owed them $20 million in Valued Added Tax (VAT) returns. Meanwhile, management of GMC has responded to the Minister’s order for the closure of the company over the alleged tax evasion...