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We will publish details of Agyapa deal – Ofori Atta

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Minister of Finance Ken Ofori- Atta has stated that, government will bring out details of the Agyapa Royalties agreement to ensure transparency.

According to the minister that will assist the general public in accessing the document and peruse it.

He made this known on Joy FM’s News File Saturday, September 5,2020.

The minister revealed that, the issue of transparency, the valuation, tax haven and all of those little things that people need to know will be included in the document.

The minister added that, the government will not pause the deal in the face of the dissenting views expressed on it.He stressed that, the transaction is good.

“No, we are not. I think this is a good transaction. I think the issues that have been raised we have put light on them. This is an incredible opportunity, the highest gold prices in the world.”

Parliament approved the controversial Agyapa Mineral Royalty Limited agreement Friday, August 14 despite a protest from the Minority.

Based on the agreement, Agyapa Royalties Limited (ARL) will trade shares on the Ghana Stock Exchange and the London Stock Exchange for private people to buy but the Mineral Income Investment Fund(MIIF) will remain the majority shareholder.

The Minority said the deal makes it impossible for a future government to replace managers of Agyapa Royalties Limited although the Minerals Income Investment Fund will remain the majority shareholder.Also, former President John Dramani Mahama has questioned the credibility of the deal and said he will not recognize it in case he wins this year’s elections.

Other Civil Society Organisations (CSO’s) have also criticize the deal.

 

Paa Kweku Eshun Talksafrica.com

 

Written by EDITORIAL STAFF

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