Thursday, June 19, 2025
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home General News

Appiatse Explosion: Maxam fined $6 million, to pay $1 million before permit is restored

February 8, 2022

Maxam Ghana Limited, the company behind the Appiatse explosion has been fined $6 million after the probe into the incident was completed.

The company has been asked to pay the fine of $1 million before the restoration of their permit which was revoked.

RelatedPosts

Because of ‘abrɔ ne beyie’, the NDC does not want EC to declare results for Ablekuma North – NPP MP

Sanction your appointees who are using fake PhDs – President Mahama told

Young man arrested for allegedly killing his four-month pregnant wife

The remaining $5 million shall be paid in 18 months beginning from March 1, 2022, to August 1, 2023.

”On Tuesday, February 1, 2022, the three-member Committee submitted its report. Upon a review of the two reports, the Ministry has established regulatory breaches on the part of Maxam Ghana Limited (hereinafter referred to as “Maxam”), in respect of the manufacture, storage and transportation of explosives for mining and other civil works. These breaches, per L.I. 2177, attract fines ranging from six hundred cedis (GH#600.OO) to ten thousand United States dollars (US$IO,OOO).

Nonetheless, having regard to the nature and totality of the circumstances leading to this tragic incident, I, as the Minister responsible for Lands and Natural Resources, and, therefore, the overseer of activities in the sector, have imposed an administrative fine of the cedi equivalent of one million United States dollars at the prevailing commercial rate, on Maxam. In addition to the fine, it has been agreed, after extensive discussions with Maxam, that the company will pay to the Government, the cedi equivalent of five million United States dollars also at the prevailing commercial rate.

For the avoidance of doubt, the total amount payable by Maxam to the Government stands at six million United States dollars or its cedi equivalent at the prevailing commercial rate. Maxam shall pay the fine of one million United States dollars or its cedi equivalent at the prevailing commercial rate before the restoration of its permit to manufacture, store, supply and/or transport explosives.”

Read the full report below

No photo description available.
No photo description available.
No photo description available.
No photo description available.
No photo description available.
No photo description available.

By: Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

Tobbin

Because of ‘abrɔ ne beyie’, the NDC does not want EC to declare results for Ablekuma North – NPP MP

June 19, 2025
mahama-writing-e1644585919698

Sanction your appointees who are using fake PhDs – President Mahama told

June 19, 2025
murder

Young man arrested for allegedly killing his four-month pregnant wife

June 19, 2025
FB_IMG_1750273949515

CMS of the NSA has been suspended for a forensic audit to be conducted

June 18, 2025
FB_IMG_1750266062657

Education Minister hints at a special task force for safe disposal of sanitary pads in schools

June 18, 2025
Screenshot-85-862x424

President’s decision to fine ministers who failed to declare assets is not usurpation of powers – Justice Amaleboba

June 19, 2025

Recent News

WIPES

Plastic wet wipes to be banned in Wales from 2026

June 19, 2025
NPP MP

We’re 88 MPs, but our quality is superior to a majority – NPP MP

June 19, 2025
Tobbin

Because of ‘abrɔ ne beyie’, the NDC does not want EC to declare results for Ablekuma North – NPP MP

June 19, 2025
mahama-writing-e1644585919698

Sanction your appointees who are using fake PhDs – President Mahama told

June 19, 2025
  • Trending
  • Comments
  • Latest
Muntaka-750x375

Monday, March 31, and Tuesday, April 1, 2025, declared as public holidays

March 23, 2025

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
Screenshot_20230811-133044

17-year-old boy caught having sex with a pregnant dog

August 11, 2023

Hello world!

WIPES

Plastic wet wipes to be banned in Wales from 2026

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

WIPES

Plastic wet wipes to be banned in Wales from 2026

June 19, 2025
NPP MP

We’re 88 MPs, but our quality is superior to a majority – NPP MP

June 19, 2025
Tobbin

Because of ‘abrɔ ne beyie’, the NDC does not want EC to declare results for Ablekuma North – NPP MP

June 19, 2025
mahama-writing-e1644585919698

Sanction your appointees who are using fake PhDs – President Mahama told

June 19, 2025

Stay Connected test

  • 139 Followers
  • 20.2k Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version