The presidency has asked the Ministry of Lands and Natural Resources, Minerals Commission and Adamus Resources Limited to present a twelve-month road map for turning the mine around.
The road map will include a six-member management team formed between Adamus and the government to supervise the turnaround of the mine.
A statement issued Friday evening by the Minister of State in charge of Government Communications and Spokesperson for the President, Felix Kwakye Ofosu said the membership of the committee will include three members from the Adamus side and three members from the government side.
It said the agreement followed a meeting at the Presidency aimed at resolving the dispute between the two parties to salvage what is one of a few operating indigenous large scale mines.
The road map will include a plan for settling liabilities by Adamus to Ghana Revenue Authority, Minerals Income Investment Fund, Financial institutions and suppliers.
The road map will also include exploring means to inject fresh capital by inviting additional partners to take up equity in the mining operation.
The two sides are expected to present the road map to the Presidency in two weeks.
