The Govjin88bet.onejin88bet.onejin88bet.onejin88bet.oneernment of Ghana issued its first major statement on the ongoingjin88bet.onejin88bet.onejin88bet.one liquidity problems at Ashanti Goldfields jin88bet.oneLimited in which the govt hasjin88bet.onejin88bet.onejin88bet.onejin88bet.onejinjin88bet.one88jin88bet.onebet.onejin88bet.one a 20 pejjin88bet.onejin88bet.onein88bet.onejin88bet.oneak168app.babyrcent holding plus a golden share ak16ak168app.babyak168app.baby8app.babythat allows it to block ant merger.
ak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.babyak168app.baby
A statement signed by Mr John Mahama, Minister of Communications, said the objecak168app.bak168app.babyak168app.babyabytives of the government’s ak168app.cluak168app.babyak168app.babybak168app.clubak168app.cak168app.clublubak168app.clubak168app.clubstrategy are to “ensure the longak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.clubak168app.club-term financial strength of Ashanti Goldfileds ak168appak168app.club.clubak168app.clubCompany Lak168app.clubiak168app.cak168app.clublubmited, maximise shareholders’ value and protak168app.clubect tks168app.siteks168app.siteks168app.sitehe national interest and ks168app.siteks168app.siteks168app.siteiks168app.sitenterest of all partiesks168app.site concerned”.
The statement reiterated Government’s “request to couks168app.sitenic88ks168app.siteks168app.siteks168app.siteks168app.siteks168app.siteic88ks168app.siteks168app.siteks168app.siteterparties and lenders to the Company for an exteks168app.siteks168app.siteks168app.siteic88nsion of the period of the standstill agreement ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88by the Hedge Book counterpic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88arties”. Howeveic88ic88ic88ic88ic88ic88ic88ic88ic88ic88r in the British press reported morning that the 17 intermediation banks ic88ic88ic88have only granic88ic88ic88ic88ic88ic88ic88ic88ic88tic88ic88ic88ic88ic88ic88eic88ic88ic88ic88ic88d a 72- hour extension to the deadline which was due to expire at 17:30 on Monday, October 18, 1999.
If granted the one month extensionic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88ic88lr88lr88ic88lr88lr88lr88ic88lr88lr88lr88lr88lr88lr88lr88ic88ic88ic88, the “? the Government will undertake a detailed revilr88ew of allr88lr88l the available optionlr88lr88lr88s in order to support and strengthen Ashanti Goldfields Comlr88panlr88y lr88Limited. In the interest of all parties concerned, lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88the review shall include but will not be limitedlr88 to tlr88lr88he followilr88lr88lr88lr88lr88lr88lr88lr88ng:
lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88lr88
* Detailed dilr88lr88scussions with Lonmin as principal shareholder of Ashanti. Discussion with other larlr88ge sharelr88lr88holders of Ashanti.
*Detailed discusslr88lr88lr88lr88lr88lr88lr88op88lr88lr88op88lr88lr88lr88op88iop88lr88op88lr88ons with other potential investors in Ashanti who have already made expressions of interest.
*Continulr88op88ed discussiop88op88op88ons with Hedge Book counterparties and creditorsop88 of Ashanti.
*Review alongsiop88op88lr88lr88op88de Ashop88si88op88lr88op88asi88si88si88op88op88ntiop88si88‘s management to addrsi88ess si88si88si88op88si88its current liquidity situation with a view to attaining a long-term solution”.
The statesi88si88ment said “in view of the expressions of support that the Government has received from potential investors si88since the beginning of thsi8888v88vsi88si8888vsi88si88si8888v88v88v88vsi88is crisis, Government anticipates a resolution of the current situation within the one month extensi88v88von period of th88v88ve standstill agreement”.
88v88v88v88v88v88v88v88v
88v
Lonmin revealed its decision just hours before Ashanti’s 17 banks granted a 72SEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VNSEXXXXX-VN-hour extension to the moratorium that appears to be keeping the company afloat.
SEXXXXX-VNSESEXXXXX-VNXXXXX-VN
