Ghana's Bogoso-Prestea mine, producing 4,000 ounces of gold monthly, became a focal point of investment by Blue International Holdings for $95 million in late 2020. The company touted attractive returns and community benefits, buoyed by prominent British political endorsements. However, by 2024, demonstrations arose among miners and suppliers, expressing frustration over unfulfilled promises and the lack of economic advantage from the gold beneath their feet. The venture has faced scrutiny for its impact on Ghanaian communities and engagement with local stakeholders has failed to yield expected results.
In late 2020, amidst an economic downturn from Covid-19, Ghana's Bogoso-Prestea goldmine was producing 4,000 ounces monthly, valued at $6 million, and attracting investment.
The acquisition of the Bogoso-Prestea mine by Blue International Holdings for $95 million promised financial returns and community benefits, yet the reality turned out differently.
Protests erupted in February 2024, with local miners and suppliers unhappy over the lack of benefits from the gold resources, highlighting discontent in the Ashanti region.
Despite initial optimism with Blue International's history in Africa, the venture's negative consequences affect local workers and economic stakeholders, bringing into question accountability.
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