18
Mar
Ghana Bauxite Company Limited (GBC) has addressed recent allegations surrounding its acquisition by Ofori-Poku Company Limited (OPCL), dismissing claims of impropriety and lack of transparency. At the center of the controversy is the valuation of GBC, which was reportedly valued at $12.5 million in 2022 and is now worth over $1 billion. In a statement signed by the company's corporate affairs directorate, GBC attributes the significant increase in valuation to substantial financial investments and strategic interventions made by OPCL, which have enhanced efficiency, increased output, and strengthened GBC's market position. Ghana Bauxite Company emphasized that the acquisition by Ofori-Poku Company…