Tag: Agyapa Royalties Deal
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Plans far-advanced to re-introduce reviewed Agyapa Royalties Agreement to parliament – Ofori-Atta
Minister for Finance, Ken Ofori-Atta, has reiterated government’s intention to address all issues raised by stakeholders about the proposed Agyapa Minerals Royalties deal before re-introducing it to parliament. According to him, the botched deal has been reviewed by the Attorney General’s office and will be re-submitted to parliament soon. The Finance Minister made this known when…
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Agyapa deal failed because Ghanaians did not trust government – Manteaw
Extractive sector policy researcher and analyst, Dr. Steve Manteaw, has blamed the failure of the Agyapa Gold Royalties deal on the public’s belief in the notion that they were misled by the government. Speaking at a forum on the theme “Extractive Sector Governance: Examining Political economy factors for promoting transparency, participation and accountability” organized by…
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Government will engage Parliament on future of Agyapa deal – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has hinted of his intention to engage the 8th Parliament on the future of the Agyapa transaction. Speaking in Parliament on Tuesday, March 9, 2021, as he delivered his first State of the Nation Address of his second term, the President said “let me, at this point, assure the House…
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Ghana’s gold production to go up by 9% in 2021 – Fitch Solutions
Gold production in Ghana in 2021 is expected to grow by about 9 percent, the biggest growth rate in years. This is expected to push the volume of gold produced in Ghana to 4.65 million ounces next year according to a report by Global market analysis outfit Fitch Solutions. The increase in gold production will…
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Special Prosecutor’s corruption risk assessment of Agyapa deal [Full document]
The Special Prosecutor, Martin Amidu’s corruption risk assessment into the controversial Agyapa Royalties deal has been made public weeks after it was submitted to the Office of the President. In his risk assessment, Mr. Amidu among other things raised concerns with the entire deal and processes prior to its approval by Parliament. “All the parties…
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Corruption risk assessment on Agyapa deal to boost investor confidence – Assibey-Yeboah
The Chairman of Parliament’s Finance Committee, Mark Assibey-Yeboah, says government’s decision to suspend the launching of the Initial Public Offering for the Agyapa Royalties deal will boost investor confidence. The decision was taken to allow the Office of the Special Prosecutor to conclude a corruption risk assessment on the deal. Speaking to Citi Business News,…
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Suspension of Agyapa IPO launch a step in the right direction – CSOs
Some Civil Society Organizations opposed to the controversial Agyapa Royalties deal have welcomed government’s decision to put the launching of the deal’s Initial Public Offering (IPO) on hold. This comes after the Finance Ministry served notice that government will not proceed with the IPO until the Special Prosecutor concludes the ongoing corruption risk assessment on…
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Agyapa IPO suspended as Gov’t awaits Special Prosecutor’s corruption risk assessment
The Ministry of Finance has served notice that government will not proceed with the Initial Public Offering (IPO) for the Agyapa Royalties deal until the Special Prosecutor concludes ongoing corruption risk assessment on it. In a letter signed by a Deputy Finance Minister, Charles Adu Boahene, and sighted by Citi Business News, the Ministry said…
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Tax Justice Coalition joins calls for scrapping of Agyapa Royalties deal
Calls for the suspension of the implementation of the controversial Agyapa Royalties deal have intensified as the Tax Justice Coalition has described the deal as a wrong precedent. Though the Finance Ministry seems to have addressed all related issues raised around the deal, civil society groups under the Alliance of CSOs working in Extractive, Anti-Corruption…
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Finance Ministry briefs faith-based organisations on Agyapa Royalty agreement
The Ministry of Finance has held separate virtual meetings with the Social Partnership Council (SPC) and the leadership of Faith-Based Organizations (FBOs) as part of its stakeholder engagement and consultations drive to deepen the understanding of the Agyapa Royalty transaction. The Social Partnership Council is made up of the Labour Unions, Ghana Employers Association and…