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  • Writer's pictureNana yaw Dynamic

Suspended Agyapa Royalties deal cost gov’t $12m – MIIF

It has been uncovered that the government spent $12 million on the suspended Agyapa royalties deal. Yaw Koranteng, uncovered this at a Public Accounts Committee (PAC) Sitting.

President Akufo-Addo requested the suspension of the Agyapa deal following public outcry in 2021. The public authority had proposed the arrangement to raise supports through mineral royalties for key framework projects, yet it was at last suspended after resistance from the National Democratic Congress (NDC) and some civil society organisations.

Be that as it may, as per the CEO of the Minerals Income Investment Fund, $12 million was used on the cycles to give the first sale of stock on the London Stock Trade before the suspension. Answering whether the Asset did a reasonable level of effort, Mr Koranteng said "My comprehension honourable chair is that Ministry of Finance secured the services of international consultancy and companies and financial institutions that have done this previously and that the exhortation gave was what Service of Money remained on."

"We began with the Service of Money and from the reports that we have, obviously the right guidance was given on the set-up of a gold eminences organization where the spilling of the sovereignties would help Ghana."


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