Government reveals intention to submit restructured Agyapa deal to Parliament

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• The Agyapa Royalty arrangement will be back in Parliament

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• The arrangement which prior removed after it was passed in Parliament over various concerns raised

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• But Ken Ofori-Atta said the A-G and different partners looked into the arrangement completely

The Nana Akufo-Addo-drove government has uncovered its expectations to by and by submit to Parliament a rebuilt concurrence concerning the Agyapa Royalties exchange.

The arrangement prior hit an obstacle after it was endorsed by Parliament but was removed after concerns raised by various Civil Society Organizations and a segment of people in general over the straightforwardness of the understanding.

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Yet, Finance Minister as of late revealed that Attorney-General had as of now evaluated a rebuilt bargain and repackaged it to guarantee the nation benefits from the arrangement.

“The Attorney-General has checked out it and we have had a couple of partner gatherings and I figure the new board ought to be invigorated to audit that and afterward go through the Parliamentary measure,” he said.

“I’m unequivocal that it is the best approach as far as adapting our minerals and figuring out how to use it to decrease the degree of obligation of the nation and move it into value. Furthermore, with the worries that were raised we ought to have the option to address them and push ahead,” the money serve added.

Ken Ofori-Atta said this during the introduction of board individuals for the Mineral Income Investment Fund (MIIF) on Tuesday October 12, 2021.

Preceding the arrangement being removed by Parliament, previous Special Prosecutor, Martin Amidu following a Corruption Risk appraisal refered to various warnings over the arrangement.

In a report gave before his renunciation in November 2020, the previous SP said there was sensible doubt of bid-apparatus and defilement movement in the choice course of the arrangement.

He further pointed that the exchange contained different infractions as to irreconcilable situation.

In the mean time, prior in March this year, President Nana Addo Dankwa Akufo-Addo while conveying his State of the Nation Address told Parliament his government plans to additionally connect with administrators on the eventual fate of the exchange.

The sole reason for the Agyapa Royalty exchange is to oversee and contribute mineral sovereignties and income from values for more significant yields and to assist the nation and government through the MIIF.

In return, the Agyapa Mineral Royalty Limited intends to raise between US$500 million and US$750 million for the Government on the Ghana and London Stock trades to put resources into formative undertakings.

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