Tag: Agyapa Royalties Limited
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IMANI provides detailed reasons for rejecting Agyapa deal
Policy think-tank, IMANI Africa has presented a detailed justification for its opposition to the controversial Agyapa Royalties deal. In a 17-paged document, IMANI Africa among other things cited the level of what it calls “information-hiding” of the 4-month timeline to the IPO, and the claim that dividends will seamlessly substitute for royalties. The Agyapa Royalties…
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CSOs slam government again over lack of consultation on Agyapa deal
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…
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Basing Agyapa Royalties in tax haven disappointing – Terkper
Former Minister of Finance, Seth Terkper says the Finance Ministry’s defence for incorporating Agyapa Royalties Limited in Jersey of the Channel Islands as a means to avoid paying extra taxes on mining royalties is disappointing. Jersey is a known tax haven and a destination for incorporating companies that want to be listed on the London…
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Agyapa Royalties agreement best deal for Ghana’s mineral resources – Ofori-Atta
Government has shot down suggestions that the Agyapa Royalties Agreement is a rip-off to the nation. Finance Minister, Ken Ofori-Atta, at a press conference on Thursday, denied claims that the government established Agyapa Gold Mineral Royalty Limited to mortgage the country’s ‘future resources’ to enrich the current administration. It will be recalled that the flagbearer…
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Government explains motive for basing Agyapa Royalties in tax haven
The government has explained the reason behind basing Agyapa Royalties Limited in Jersey of the Channel Islands which is a known tax haven. The government says it adopted such a decision to ensure that it was not paying more tax on mining royalties than it needed to. The government registered the company in Jersey “because…
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Why the Akufo-Addo government must freeze the Agyapa Royalties deal [Article]
Kofi Ansah, the founding Chief Executive of the Minerals Commission, and Fui Tsikata, a lawyer with 45 years experience in mineral and energy law and policy, have argued for the freezing of the controversial Agyapa Mineral Royalties deal. In a statement, they said putting the deal on hold will be in “everybody’s interest”. They feel…
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Critics of Agyapa Royalties agreement lack understanding of deal – Adu Boahen
A Deputy Minister of Finance, Charles Adu Boahen has accused critics of the Agyapa Royalties mineral agreements, which seeks to leverage Ghana’s gold royalties to raise capital on the London and Ghana stock exchanges, of lacking understanding of the current deal hence their opposition. His claim follows misgivings from some stakeholders about various aspects of…