Sir Sam Jonah shocked viewers of GTV when he said that Ghana no longer owns any shares in AngloGold Ashanti.
The government of Ghana does not hold any shares of stock in the company, according to Sir Sam Esson Jonah, who served as the former executive president of AngloGold Ashanti Limited.
The successful entrepreneur detailed how Ghana was unable to salvage any of its investment in AngloGold Ashanti. According to him, Ghana made its initial public offering of shares in the company in 1994, at which time it sold thirty percent of its total holdings in the business.
He went on to explain that the remaining 55% of AngloGold’s shares were sold after the company was listed on the New York Stock Exchange.
Disappointed The way things had played out, according to Sir Sam Jonah, was disgraceful. He said it was sad that only a small number of Ghanaians owned big businesses and corporations in the country.
To quote him directly:
“…..Currently, as we speak, it (government) has zero equity interest in AngloGold Ashanti. The Ghana government had 10 percent in the mines, like Obuasi etc, but as the company that merged, the Ghana government has zero percent of AngloGold Ashanti, which is a shame because we sold,”
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