BoG must not worsen the plight of businesses — GNCCI reacts to policy rate hike

Asante Gold announces C$27 million financing

Asante Gold Corporation has entered into an agreement with a major institutional investor to sell 18,232,000 units of the company.

The deal which expected to be on a non-brokered private placement basis will go at a purchase price of C$1.50 per unit and expected to raise C$27.34 million.

Proceeds from the o ering is expected to be used for exploration and development of the its mineral properties and for general corporate working capital purposes.

Closing of the o ering is expected to occur on or about April 3, 2023, and is subject to a number of closing conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

The company also noted that the securities to be issued under the O ering would be subject to a four month plus one-day hold

Ghana’s integrated aluminium industry on course – Lands Minister

The Minister for Lands and Natural Resources, Samuel A. Jinapor, says government’s quest to build an integrated aluminium industry in the country is on course, and progressing steadily.

He said this is in line with the Ghana Integrated Aluminium Development Corporation Act, 2018 (Act 976), which establishes the Ghana Integrated Aluminium Development Corporation (GIADEC) to promote and develop an integrated aluminium industry in the country.

The Minister said this on Wednesday, when he opened a two-day Workshop on the downstream aluminium industry in Akosombo in the Eastern Region. The workshop, which was organised by GIADEC, in partnership with the Strategic Anchor Industries Unit of the Ministry of Trade and Industry and the Overseas Development Institute (ODI), brought together stakeholders in the aluminium industry to deliberate on policy options and implementation plan for the downstream aluminium industry.

This follows an extensive research, data collection and technical analysis of best practices across the world carried out by GIADEC and ODI.

Delivering the keynote address at the workshop, Mr. Jinapor emphasised the need to add value to Ghana's mineral resources to ensure optimal bene t from these resources.

He said Government has since 2017 been pursuing this path for all our mineral resources including gold, baux-

By Kenneth Rogoff