October 22, 2021
General Politics

WE WILL GO AGAINST AGYAPA DEAL IF BROUGHT BACK TO PARLIAMENT …

The Minority members in Parliament have indicated that they will kick against the controversial Agyapa Mineral Royalties deal if it is brought back to Parliament for approval.

The caucus maintains that the deal remains bad and will not serve the interest of Ghanaians if passed.

The leader of the caucus, Haruna Iddrisu in an interview with the journalist after President Nana Akufo-Addo’s delivery of the 2021 State of the Nation Address on Tuesday, March 9, 2021, said he is not convinced about the propriety of the deal.

“Agyapa [coming] back [means] corruption is back. We will not support it. I am very certain in my mind and I remain unconvinced,” he said.

While delivering his first State of the Nation address in his second term in office, Nana Akufo-Addo hinted that the controversial deal that failed to see the light of day in the 7th Parliament will be resurrected in the 8th Parliament.

Members of the Minority who kicked against the deal when it first came up in Akufo-Addo’s first term insist that they will not back it when the president retables it in Parliament.

Agyapa deal

During his first term in office, President Nana Akufo-Addo, through the Minerals Income Investment Fund (MIIF), set up Agyapa Royalties Limited to securitize Ghana’s gold royalties.

This was after Parliament on August 14 approved the Agyapa Mineral Royalty Limited agreement with the government of Ghana despite the walkout by the Minority.

In exchange, the company had wanted to raise between $500 million and $750 million for the Government on the Ghana and London Stock exchanges to invest in developmental projects.

The move was heavily criticized. Following a damning assessment done by the Office of the Special Prosecutor, the government subsequently suspended the transaction and asked the then Finance Minister, Ken Ofori-Atta to retable the deal before Parliament.

The Special Prosecutor’s office insisted that several processes were flouted prior to the parliamentary approval.

But the Finance Minister, Ken Ofori-Atta, and other government officials rejected the claims by the office.

Delali Kukey

QueenDelaDela, Broadcast journalist very passionate about what i do.

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