Agyapa Royalties to be Resubmitted to Parliament

Latest, News, Politics, TOP STORIES

President Akufo-Addo has directed the Minister of Finance, Mr. Ken Ofori-Atta to resubmit the Agyapa Royalties Agreement to Parliament for reapproval.

The instructions which comes after President Akufo-Addo received a Corruption Risk Assessment from the Office of the Special Prosecutor on the deal which has generated so much controversy and confusion mostly from opposition members and some Civil Society Organizations.

“The documents to be resubmitted are the relationship agreement, the Assignment Agreement, the allocation Agreement and the Investment Agreement”.

The President further added that, this was being done in the interest of transparency and accountability to the people of Ghana and to also address the concerns raised by the Minority about the limited time they were given during the first process, preventing them from properly scrutinizing the agreement.

In a Press statement signed by Director of Communications at the Presidency, Mr. Eugene Arhin, President Akufo-Addo affirmed his confidence in the Minister of Finance, the Finance Ministry and the Board and Management of the Minirals Investment Fund and reiterated the support of his cabinet for the transaction. 

The Agyapa Royalties Agreement was signed sometime earlier this year to monitise the country’s mineral Royalties, a deal the Minister of Finance has argued will enable the country rake more money that it currently is making.

Leave a Reply