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    Re-establishing national airline critical to reducing forex loss – Former Civil Aviation Boss

    Ghana’s unsustainable debt largely attributed to Energy Sector – World Bank Rep

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    We’ll be swift with Ghana’s economic recovery – Ofori-Atta

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

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    Fuel pricing: COPEC predicts marginal drop in first window of June 2023

    ACEP pushes for research in Africa’s energy sector

    African leaders urged to employ energy policies that will transform Africa

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    Medical devices market projected to expand by $ 7.1 billion by close of year

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CSOs slam government again over lack of consultation on Agyapa deal

August 29, 2020
in Local Economy, News
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The Alliance of CSOs working on Extractive, Anti-Corruption and Good Governance has accused the government of sidelining its concerns about the Agyapa Royalties agreement.

The leader of the Alliance, Dr. Steve Mantaew on Eyewitness News said the government had refused to take into consideration their concerns about the agreement.

“I think this government is pretending they do not understand what we mean by public consultation when we tell them that they do not do adequate consultation before passing the law.”

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Dr. Manteaw’s comment follows the Finance Ministry’s justification of the agreement at a press conference held on Thursday, August 27, 2020.

He chided the government for justifying the lack of details about the deal.

“When you manipulate the process and you work in a way that is not very open to public scrutiny and you come and justify it, then it does not appear you understand how to cure a conflict of interest situation.”

Civil Society groups in Mines and Energy have raised concerns over the deal, describing the Agyapa Royalties agreement as one which is not transparent.

This was after officials of the Minerals Investment Fund (MIIF) explained that Agyapa Royalties Limited will be listed on both the Ghana and London Stock Exchanges.

The CSOs have also raised questions as to why the company was established in a known tax haven.

Despite these concerns, the Minister for Finance, Ken Ofori-Atta, has said the agreement is wholly in the best interest of the country.

The Minister said, there was a need for government to create value for the country’s mineral resources, especially by leveraging that value to investors.

Source: citinewsroom.com
Tags: Agyapa Royalties LimitedCSOs
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