AGAMS Holdings/RLG indebtedness to gov’t

Our attention has been drawn to publications and commentaries in the media on the above issue, some aspects of which requires clarifications.

First, in compliance with agreement reached with the Ministry of Justice and the Economic and Organized Crime Office (EOCO), refund of monies to government on the GYEEDA projects have been on-going and will continue until it is fully paid up. The payments are being done with interests.

Secondly, the issues concerning the SADA/Asongtaba Guinea Fowl and Afforestation Projects continue to be a subject of negotiation between us and the same Ministry.

Thirdly, we wish to assure all that, as law abiding Ghanaian entity, we will continue to co-operate with government and state security apparatus to ensure full refund of the said amounts with interests.

Fourthly, we wish to state that under the previous NPP government similar facilities we contracted from both MASLOC, EDIF and NYEP were paid back fully with interests and that we have absolutely NO intention of taking the tax payer for granted.

Source : corporate affairs dept.