Casely-Hayford, an independent financial analyst has blamed the Environmental Protection Agency (EPA) of being business unfriendly.
He said EPA’s handling of the of the Exton Cubic Group’s bauxite deal has not been encouraging.
He said, we have an EPA that is coming across to me as very business unfriendly. This is a very unfriendly way of encouraging local business persons to move on.
EPA had given the company the authorize to prospect bauxite in the Tano-Offin Forest Reserve in the Ashanti Region but later asked the company to halt operations because Exton Cubic breached certain conditions in the permit.
Although, Peter John Amewu the Lands and Natural Resource Minister cleared Exton Cubic of any wrongdoing, the EPA insists the company has no right to enter the forest.
The Public Relations Officer of Exton Cubic, Sammy Gyamfi had said the company has so far spent $20 million dollars on the prospecting deal thus their current quandary has been a headache to their business partners.
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