The Ministry of Lands and Natural Resources has given a two-week ultimatum to Future Global Resources (FGR) to commence payments of all outstanding salaries owed to its workers.
According to the Ministry, payments of outstanding salaries owed to workers should be completed no later than May 30, 2024.
This directive is contained in a press statement issued by the Ministry on Thursday, April 25, 2025.
General Manager of FGR, Kenneth Allen, in a memo to employees on Thursday, said the company has agreed to pay salaries owed to workers before May 30, 2024.
“As part of the conditions the company is expected to meet all its salary obligations legitimately due by 30th May. In line with that directive the December and January salaries will be paid by the first week of May 2024,” he noted.
Future Global Resources (FGR) is reportedly owing over $111 million in unpaid debts, taxes, and bills.
This is aside from the company’s failure to make SSNIT and Tier 2 payments for its workers for over 30 months respectively.
The Minister for Lands and Natural Resources, Samuel Jinapor, in the press statement issued on Thursday, decided not to revoke the mining lease of Future Global Resources (FGR).
The Minister has rather granted the mining firms a “Conditional Approval’ of a further 120 days (four months) to allow the company to implement its proposed turnaround strategy for the Bogoso Prestea Gold Mine which includes raising fresh capital of $150m to inject into the operations of the mine.
Meanwhile, workers at the Future Global Resources Bogoso-Prestea Mines have rejected recapitalization and restructuring proposals by Blue Holdings in response to workers’ recent demonstrations urging the government to bring in new investors, following FGR’s failure to invest in the mines.
Edward Arhin, Chairman of the Senior Staff Union of FGR Bogoso-Prestea Mines, stated that the workers will not collaborate with FGR under any arrangement and would instead lay down their tools if FGR continues to manage the mine.
“We are not willing to work with FGR again but we are willing to work with any other person or company, not FGR. The law lays in the bosom of the Lands Minister and the commission to take a decision that they think is good for them but what we, the workers, are saying is that, if, by any means, the mine is given back to the FGR, we will not work. The day we will see FGR here, we will walk out and let the government come to work,” he quipped.
Source: Norvanreports