EnvironmentNewsOil & Gas/Mining

Akufo-Addo to minister: Donate US$5 million out of Maxam’s fine to Appiatse Fund

A statement issued by the Ministry of Lands and Natural Resources says the Minerals Commission has since been directed to act on the Presidents directive

The President Nana Addo Dankwa Akufo-Addo has directed that US$5 million out of the total US$6 million to be paid by Maxam Ghana Limited to the government be donated to the Appiatse Support Fund.

This is to help support victims and reconstruct the community.

A statement issued by the Ministry of Lands and Natural Resources says the Minerals Commission has since been directed to act on the Presidents directive.

“The President of the Republic Nana Addo Dankwa Akufo-Addo has directed that Five Million United States Dollars(US$5,000,000.00), out of the total of Six Million United States Dollars (US$6,000,000.00) to be paid by Maxam Ghana Limited to Government , be donated to the Appiatse Support Fund, established by Government to, among others, support the victims of the Appiatse incident and reconstruct the community.”

“Accordingly, I have directed the Minerals Commission to ensure that the said Five Million Dollars ($5,000,000.00) is paid to Appiatse Support Fund, in accordance with the agreed terms of payment,” the statement added.

Maxam fined

The Ministry of Lands and Natural Resources has slapped a fine of US$1 million on Maxam Company Limited, the company at the centre of last month’s explosion at Appiatse in the Prestea Huni-Valley Municipality of the Western Region.

The fine is coming barely a week after the committee tasked to investigate the explosion submitted its report to the Lands and Natural Resources Minister Samuel Abu Jinapor.

The company has agreed to pay an additional US$5 million over a period of time to the government of Ghana.

At least 900 persons have so far been displaced and 13 confirmed dead, according to the National Disaster Management Organisation (NADMO).

A statement issued by the ministry on Tuesday (8 February) said the minister imposed the hefty fine due to the “nature and the totality of the circumstance leading to this tragic incident”.

Below is the full statement

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