President Nana Addo Dankwa Akufo-Addo has ordered $5 million out of the total $6 million fine imposed on MAXAM Ghana Limited to be paid into the coffers of the Appiatse Support Fund. The Minister for Lands and Natural Resources, Samuel Abu Jinapor on Monday announced the imposition of a $1 million administrative fine and an additional $5 against MAXAM. “By law, the One Million Dollars (US$1,000,000.00), which constitutes the administrative fine, forms part of the Internally Generated Funds (IGF) of the Minerals Commission, the regulator of the sector. The President has, therefore, directed that the additional Five Million Dollars (US$5,000,000.00), to be paid by Maxam to Government, be donated to the Appiatse Support Fund to support the reconstruction of the community. Accordingly, I have directed the Minerals Commission to ensure that the said Five Million Dollars (US$5,000,000.00) is paid to the Appiatse Support Fund, in accordance with the agreed terms of payment,” the minister said.
