The government of Sierra Leone through the Ministry of Trade and Industry has reached a decision of cancelling the agreement with Sierra Leone Guoji Investment after a period of over seventeen years of their operation in the country.
The decision by the ministry to cancel the agreement of Guoji Investment is based on the realization that government has not been receiving the much-needed revenue from Guoji.
That the Gouji Investment started operations in Sierra Leone during the reign of late President Dr. Ahmed Tejan Kabbah with Dr. Kadie Sesay then as Minister of Trade.
That the company had never paid its 20% proceeds obligation to the government and at the same time enjoying duty-free concessions at the port.
The General Manager of Guoji Investment at Cline Town, Jack Wang expressed that they are disappointed with the quit notice from the government after they have worked so hard to develop the place.
He maintained that they currently have 13 factories working with them with about 100 Sierra Leoneans working in these factories, noting that it was wrong for people to state that they have not done anything since they started operations.
That they were surprised to receive letters from the Ministry of Trade and Industry calling for a cancellation of they agreement on the pretext that much has not been done by them in terms of performance.