The New Patriotic Party (NPP) has asked former President John Mahama to apologize to Ghanaians for dashing his brother, Ibrahim Mahama, 75 percent of Ghana’s bauxite deposit.
According to the NPP, the 75 percent bauxite deposit is worth about $180 billion.
General Secretary of the NPP, John Boadu, addressing the media on Sunday, September 15, 2019, in the Central Region, said Ghanaians were lucky to have elected President Akufo-Addo, because, “he (Mahama) would have added our gold reserves to the bunch of goodies he gifted his brother.”
According to him, “this is not a fact built from insinuations and speculations. These are documented.”
He explained that “the illegal award of the concession to Ibrahim Mahama was all documented and has made its way all the way to the Supreme Court.”
Explaining the details of the bauxite deal, the NPP scribe said “Ibrahim Mahama’s company, Exton Cubic Group, carried out, according to its own report, “well-defined systematic exploration drilling over the entire Nyinahin Bauxite ore deposit and determined that good grade bauxite exists on Hills 1, 2, 3, 6A, 6B, 7 and 9,” he said.
The report, according to him, confirmed a total of mineable bauxite resources in the concession to be 792 million metric tonnes (MT), out of “the total mineral resource on all the Hills is approximately 912 million metric tonnes.”
Mr. Boadu said “the plan was to build a refinery. Assuming Exton Cubic went ahead to build a refinery, John Mahama’s brother would have been entitled to Ghana’s resources valued at US$180 billion of refined bauxite (alumina). Not even aluminium.”
$180 billion is equivalent to some 400 million metric tonnes of alumina.
Assuming just 20 million metric tonnes of that is processed into aluminium, that alone would fetch an additional $20 billion, he said.
He added that “indeed, the NDC’s superior craftsmanship of state-sponsored corruption was well-described in a pithy way by the phrase “create, loot and share.”