It has been revealed by the Ministry of Finance that Board Members of the newly Created Agyapa Royalties Company cannot be disclosed to the public now due to a nondisclosure agreement in the listing rules both in Ghana and London.
Upon a request made by Journalists for a full list of Board Members, it was disclosed that it could only be made public after the listing on the stock exchange have been approved together with other details in the agreement revealed at the press briefing.
The Company is a Special Purpose Vehicle established to maximize the country’s mineral Royalties by listing on the stock exchange both home and abroad, a move that has stirred controversy in the last few weeks with the opposition calling for the withdrawal of the deal.
In a Press Conference today, the Minister of Finance, Ken Ofori Atta claimed that the move was to secure Ghana’s mineral revenue and allow the country play in bigger fields in the Minning industry.
Sixteen Minning companies have so far been included in the Agyapa Royalties Deal to leverage Royalties accrued from these companies to maximize efficiency to benefit the country.
He also added that the company, Agyapa Royalties is fully owned by government and could not be true that the NPP administration is doing this in hiding.